What did COP26 achieve?

COP26 has ended but our work continues. 📷 The SEC and the Hydro, the venue for the COP26 summit in Glasgow. ©️ European Union 2021 / Source: EC Audiovisual Service

Keeping 1.5 alive

What else?

  • Crunch time for coal
    Despite pushback from China and India, COP26 did, for the very first time, agree to “phase down” the use of polluting coal for power generation and to stop subsidising inefficient fossil fuels. COP26 also recognised the need to support a just transition, leaving no one behind.
  • Writing the rulebook
    Six years on from the Paris Agreement, COP26 completed the so-called Paris Rulebook. It means that all parties agreed on how to report their progress on emission reductions and the rules for running international carbon markets.
  • Keeping promises
    Developed countries have not yet delivered the USD 100bn per year promised to support climate action in developing countries. At Glasgow these ‘donor countries’ provided reassurances of their commitment to deliver on the goal up until 2025, and agreed to at least double the money they provide to help developing countries become more resilient to the damaging effects of climate change by 2025. The EU currently provides its fair share, around USD 27 billion in 2020.
  • Climate solidarity
    The climate crisis disproportionately impacts small island states and some of the world’s least developed countries. Many of these countries don’t have the means to adapt to more frequent and intense extreme weather, as well as sea-level rise and drought. These impacts can have huge costs, damaging infrastructure, jeopardising food security, and putting lives at risk. In Glasgow, countries agreed to strengthen the Santiago Network of agencies around the world that provide financial and technical assistance to countries already experiencing these impacts. The COP also agreed to begin discussions on how to meet the financial needs of those countries most affected by the climate crisis.

What’s next?

What is the EU doing?

  • The EU launched the €820 million EU Catalyst partnership, to help speed up the development of innovative technologies to deliver European Green Deal ambitions and the EU’s 2030 climate target.
  • The Global Methane Pledge commits over 100 countries — representing almost half of methane emissions — to reduce global methane emissions by at least 30 percent by 2030. Like carbon dioxide, methane is a greenhouse gas, but its warming effect is much stronger. Compared to cutting CO2, reducing global methane emissions could be a quick win with more immediate effects because it dissipates from the atmosphere much more quickly.
  • The EU committed to contributing €1 billion over five years to the Global Forests Finance Pledge to protect the world’s forests, and some 100 world leaders — representing around 85% of the world’s forests — promised to end and reverse deforestation by 2030
  • Along with France, Germany, the UK and the USA, the EU launched a Just Energy Transition Partnership with South Africa to accelerate the decarbonisation of the country’s economy, with a focus on the electricity system.

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Official Medium account of @EU_Commission | Stories, posts & articles about our work. Our social media policy: https://ec.europa.eu/info/social-media-use

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