A third iteration of the results of the Cop26 climate summit retained key resolutions to pursue reductions in greenhouse gas emissions in line with maintaining the global temperature at 1.5 ° C.
Nations will be asked to return next year to bolster their emissions reduction targets, which have so far fallen short, and to accelerate the phase-out of coal and fossil fuel electricity subsidies. The text was not significantly weakened overnight, but there is still a long process to follow on Saturday, and possibly Sunday, in which some countries are likely to attack some of the key provisions.
The text of what the British hosts said is expected to be the final draft of the Cop26 climate summit results was released in Glasgow around 9 a.m. on Saturday morning.
Delegates will consider the decision until noon, when they will be asked for their reactions in a “stocktake”, after which the Presidency will seek to move quickly to a final session where decisions can be adopted.
The final stages of the process will last at least until Saturday afternoon and could stretch for much longer.
Bob Ward, Director of Policy and Communications at the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science, said: “This text is still good enough and I hope all countries can read it. adopt. He continues to call on countries to meet more ambitious commitments next year.
“Countries will leave Glasgow painfully aware that the current collective commitments to reduce emissions by 2030 are not ambitious enough. They are not aligned with the Paris Agreement target of keeping the increase in warming well below 2 ° C and continuing efforts to limit it to 1.5 ° C. The draft text also still calls on all countries to step up their efforts to phase out coal-fired power and inefficient fossil fuel subsidies.
“It is important to note that the UK Presidency has now released a draft text that outlines a good process for agreeing to a significant increase in investment in developing countries to help them make their economies zero carbon and climate resilient. It is time for countries to stop arguing over the text and start taking the steps that have been promised, including increasing the flow of financial support to developing countries.
The mood for the talks has generally been described as constructive, although some countries have sought to water down agreements to phase out fossil fuels and limit global warming to 1.5 ° C above pre-industrial levels. Developing countries also want additional guarantees on climate finance, necessary to help them cope with the impacts of extreme weather conditions, and loss and damage, which refer to climate-related disasters.
The hedging decision is the key outcome of the discussions, outlining how countries will seek to meet the goals of the 2015 Paris climate agreement and limit greenhouse gas emissions. It was part of a series of papers published on related issues such as adaptation to the impacts of climate degradation, financing and some of the technical aspects of the Paris Agreement, such as carbon trading.
Current national plans – known as Nationally Determined Contributions (NDCs) – would lead to 2.4 ° C of heating, according to an analysis carried out this week by Climate Action Tracker.
Countries are expected to come back with better promises in 2025, as part of the Paris agreement, but many are now calling for the deadline to be moved forward. This is seen as the most closely fought area of disagreement as the British hosts struggle to negotiate a deal.
Since the signing of the Paris agreement, forcing countries to limit temperature increases “well below” 2 ° C above pre-industrial levels while “continuing efforts” to a limit of 1.5 ° C, new science has shown that exceeding the 1.5 ° C threshold would have disastrous effects, some irreversible, including flooding many low-lying areas. The heating has now reached 1.1 ° C and extreme weather conditions are already setting in around the world.
The Intergovernmental Panel on Climate Change said emissions must be reduced by 45% by 2030 from 2030 levels to stay below 1.5 ° C.