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WHAT WAS AGREED AT THE GLASGOW CLIMATE CONFERENCE?

A new global agreement – the Glasgow Climate Pact – was reached at the COP26 summit.

It aims to reduce the worst impacts of climate change – but some leaders and campaigners say it does not go far enough.

What was in the COP26 agreement?

The agreement – although not legally binding – will set the global agenda on climate change for the next decade:

Emissions

It was agreed countries will meet next year to pledge further cuts to emissions of carbon dioxide (CO2) – a greenhouse gas which causes climate change.

This is to try to keep temperature rises within 1.5C – which scientists say is required to prevent a “climate catastrophe”. Current pledges, if met, will only limit global warming to about 2.4C.

Coal

For the first time at a COP conference, there was an explicit plan to reduce use of coal – which is responsible for 40% of annual CO2 emissions.

However, countries only agreed a weaker commitment to “phase down” rather than “phase out” coal after a late intervention by China and India.

Developing countries

The agreement pledged to significantly increase money to help poor countries cope with the effects of climate change and make the switch to clean energy.

There’s also the prospect of a trillion dollar a year fund from 2025 – after a previous pledge for richer countries to provide $100bn (£72bn) a year by 2020 was missed.

While some observers say the COP26 agreement represented the “start of a breakthrough”, some African and Latin American countries felt not enough progress was made.

Fossil fuel subsidies

World leaders agreed to phase-out subsidies that artificially lower the price of coal, oil, or natural gas.

However, no firm dates have been set.

Source: www.bbc.com

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