• Natural Gas News

    Draft COP26 agreement calls for stronger climate action: press

Summary

The UN chief expressed concern in July that climate goals may be out of reach without support from major world economies.

by: Daniel Graeber

Posted in:

Complimentary, Natural Gas & LNG News, World, Energy Transition, Political, Environment, News By Country, Scotland, United Kingdom

Draft COP26 agreement calls for stronger climate action: press

Details of a draft agreement presented at the COP26 climate summit in Glasgow published by various news outlets November 10 show world bodies are committed to strengthening carbon-cutting goals.

The BBC reported the draft document calls on global parties to “revisit and strengthen” their emissions targets for 2030 and align national climate agendas with the temperature goals outlined in the Paris climate accord.

UN chief Antonio Guterres in July warned there is “no pathway” to the goal of keeping temperature increases below 1.5 degrees centigrade “without the leadership of the G20.”

Various world leaders, from US president Joe Biden to Russian president Vladimir Putin, either presented concrete plans or vowed to support those that would tackle climate issues head on during an early November meeting of the G20.

Via video conference, Putin told members of the G20 that the Russian share of energy generated from clean energy was more than 40%. The president said that figure would be closer to 86% if natural gas were counted as a low-carbon fuel.

Biden, meanwhile, presented a sweeping measure aimed at curbing methane emissions from the fossil fuels sector.

Elsewhere, the BBC reported that advanced economies are called on to do more to support developing countries with their efforts to address climate issues beyond the $100bn per year already promised. While no firm date is presented in the draft, countries are also urged to phase out coal and subsidies for fossil fuels.

Obstacles remain, however, before all parties agree to a final communique before the COP26 summit concludes November 12.

“My big, big ask of all of you is to please come armed with the currency of compromise,” Alok Sharma, the British chairman of COP26, was quoted by the Associated Press as saying. “What we agree in Glasgow will set the future for our children and grandchildren.”

Guterres, meanwhile, is tasked with calling world leaders to a summit in 2023 to review their collective climate targets.