ALL YOU NEED TO KNOW
In November, the UK, together with partners Italy, will host an event many believe to be the world’s best last chance to get runaway climate change under control.
COP26 is the 2021 United Nations climate change conference
For nearly three decades the UN has been bringing together almost every country on earth for global climate summits – called COPs – which stands for ‘Conference of the Parties’. In that time climate change has gone from being a fringe issue to a global priority.
In the run up to COP26 the UK was working with every nation to reach agreement on how to tackle climate change. World leaders will arrive in Scotland, alongside tens of thousands of negotiators, government representatives, businesses and citizens for twelve days of talks. Not only is it a huge task but it is also not just yet another international summit. Most experts believe COP26 has a unique urgency. To understand why, it’s necessary to look back to another COP.
The importance of the Paris Agreement
COP21 took place in Paris in 2015. For the first time ever, something momentous happened: every country agreed to work together to limit global warming to well below 2 degrees and aim for 1.5 degrees, to adapt to the impacts of a changing climate and to make money available to deliver on these aims.
The Paris Agreement was born. The commitment to aim for 1.5 degrees is important because every fraction of a degree of warming will result in the loss of many more lives lost and livelihoods damaged. Under the Paris Agreement, countries committed to bring forward national plans setting out how much they would reduce their emissions – known as Nationally Determined Contributions, or ‘NDCs’. They agreed that every five years they would come back with an updated plan that would reflect their highest possible ambition at that time.
Glasgow is the moment for countries to update their plans
The run up to this year’s summit in Glasgow is the moment (delayed by a year due to the pandemic) when countries update their plans for reducing emissions. But that’s not all. The commitments laid out in Paris did not come close to limiting global warming to 1.5 degrees, and the window for achieving this is closing. The decade out to 2030 will be crucial.
So as momentous as Paris was, countries must go much further than they did even at that historic summit in order to keep the hope of holding temperature rises to 1.5 alive. COP26 needs to be decisive.
International climate summits are complex read "COP26 Explained" here.
1. Secure global net zero by mid-century and keep 1.5 degrees within reach
Countries are being asked to come forward with ambitious 2030 emissions reductions targets that align with reaching net zero by the middle of the century. To deliver on these stretching targets, countries will need to:
accelerate the phase-out of coal
speed up the switch to electric vehicles
encourage investment in renewables
2. Adapt to protect communities and natural habitats
The climate is already changing and it will continue to change even as we reduce emissions, with devastating effects. At COP26 we need to work together to enable and encourage countries affected by climate change to:
protect and restore ecosystems
build defences, warning systems and resilient infrastructure and agriculture to avoid loss of homes, livelihoods and even lives
3. Mobilise finance
To deliver on our first two goals, developed countries must make good on their promise to mobilise at least $100bn in climate finance per year by 2020. International financial institutions must play their part and we need work towards unleashing the trillions in private and public sector finance required to secure global net zero.
4. Work together to deliver
We can only rise to the challenges of the climate crisis by working together. At COP26 we must:
finalise the Paris Rulebook (the detailed rules that make the Paris Agreement operational)
accelerate action to tackle the climate crisis through collaboration between governments, businesses and civil society.
CAFA supports the global ambition of the Paris Agreement and the Goals of COP26. CAFA is also already focused on what the outcomes of COP26 and how we can practically support membership organisations to join the Race to Zero and accelerate change internally and across sectors, professions, systems and supply chain.