10 November 2021

What is in the draft version of the agreement that could be struck at Cop26?

10 November 2021

A first draft of the Glasgow pact that could be agreed at the Cop26 climate talks has been published. Here are some of the key things it includes:

– It reaffirms the goals in the Paris Agreement that countries agreed in 2015 – to hold global warming to well below 2C above pre-industrial levels and pursue efforts to limit it to 1.5C – but it recognises that the impacts of climate change will be much lower at 1.5C than 2C.

–  With the world off track to meet the goal, countries are urged to “revisit and strengthen” the targets for cutting emissions by 2030 in their national plans to align them with the Paris goal of well below 2C or 1.5C, by the end of 2022.

– The document also urges countries that have not yet submitted new or updated national climate action plans – known as nationally determined contributions, which they were supposed to submit ahead of Cop26 – to do so ahead of the next Cop in November 2022.

(PA Graphics) (PA Graphics)

– Countries are urged to communicate long-term strategies, with plans and policies, that get them to net-zero emissions by or around mid-century in line with the temperature goals by the next Cop.

– In a first for such a document, it calls on countries to accelerate the phasing-out of coal and subsidies for fossil fuels, though there is likely to be heavy pushback on the mention of fossil fuels and it could well drop out of the final text.

– It emphasises the “critical importance” of nature-based solutions, including protecting and restoring forests to reduce emissions, absorb carbon and protect biodiversity.

– It urges developed countries to urgently scale up the provision of finance to help poorer nations adapt to the impacts of climate change, with an at least doubling of their collective provision for adaptation in the mix of funding.

There are no numbers in the text, but, in 2019, 25% of the 80 billion US dollars channelled into climate finance went to adaptation, so a doubling could mean around half of finance goes to helping countries adapt.

It also recognises that more finance is needed for developing countries beyond the long-promised 100 billion US dollars a year by 2020, which will not be delivered until at least 2022.

– And it recognises the issue of “loss and damage”, calling for more support from developed countries and other organisations to address the damage caused by extreme weather and rising seas in vulnerable nations.

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