Glasgow Pact: Key lines from the Cop26 agreement
Wording on fossil fuels, finance and indigenous peoples was hashed out over months of negotiations and finalised at Cop26.
The wording of the new Glasgow Pact might not seem controversial to the uninitiated, but they have been subject to months – and in some cases years – of legal wrangling.
Here are some of the key elements of the agreement:
– Expresses “alarm and utmost concern” at the fact human activities have caused around 1.1C of warming, and that the Earth’s remaining “carbon budget” consistent with 1.5C is being “rapidly depleted”.
– Stresses the “urgency of enhancing ambition and action” in the 2020s to have any hope of meeting the goals of the Paris Agreement.
– Calls up parties to “phase down” unabated coal power and inefficient fossil fuel subsidies.
– Invites parties “to consider” further action to cut greenhouse gas emissions, including methane, at a greater rate by 2030.
– Expresses “deep regret” that the goal of developed countries to mobilise 100 US dollars a year by 2020 for developing countries to tackle climate change has not been met.
– Urges developed countries to fully deliver on the 100 billion US dollars goal urgently and through to 2025.
– A new post-2025 long term finance goal for climate finance for developing countries will be negotiated from 2022 and set in 2024 under the proposals.
– Reiterates the “urgency of scaling up action and support, including finance” to developing countries to help them “avert, minimise and address” loss and damage associated with climate change.
– Emphasises the importance of “protecting, conserving and restoring nature and ecosystems” to achieve the goal of the Paris Agreement of limiting warming to 1.5C and well below 2C.
– Recognises the role of “indigenous peoples, local communities and civil society, including youth and children” in addressing and responding to climate change.
