TopWorld

COP26: New global climate deal struck in Glasgow

A deal aimed at staving off dangerous climate change has been struck at the COP26 summit in Glasgow, the BBC reports.

The Glasgow Climate Pact is the first ever climate deal to explicitly plan to reduce coal, the worst fossil fuel for greenhouse gases.

The deal also presses for more urgent emission cuts and promises more money for developing countries – to help them adapt to climate impacts.

But the pledges don’t go far enough to limit temperature rise to 1.5C.

A commitment to phase out coal that was included in earlier negotiation drafts led to a dramatic finish after India led opposition to it.

India’s climate minister Bhupender Yadav asked how developing countries could promise to phase out coal and fossil fuel subsidies when they “have still to deal with their development agendas and poverty eradication”.

In the end, countries agreed to “phase down” rather than “phase out” coal, amid expressions of disappointment by some. COP26 President Alok Sharma said he was “deeply sorry” for how events had unfolded.

Meanwhile, UN Secretary-General Antonio Guterres said the planet was “hanging by a thread”. “We are still knocking on the door of climate catastrophe… it is time to go into emergency mode – or our chance of reaching net zero will itself be zero.”

As part of the agreement, countries will meet next year to pledge further major carbon cuts with the aim of reaching the 1.5C goal. Current pledges, if fulfilled, will only limit global warming to about 2.4C.

Coal is responsible for about 40% of annual CO2 emissions, making it central in efforts to keep within the 1.5C target. To meet this goal, agreed in Paris in 2015, global emissions need to be reduced by 45% by 2030 and to nearly zero by mid-century.

“They changed a word but they can’t change the signal coming out of this COP – that the era of coal is ending,” said Greenpeace international executive director Jennifer Morgan.

Show More
Back to top button