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Infographic: Road to COP26
The United Kingdom will host the United Nations Framework Convention on Climate Change (UNFCCC) Conference of the Parties (COP26) on 1-12 November 2021.
The Glasgow, Scotland summit—postponed from November 2020 due to the COVID-19 pandemic—is anticipated to be a pivotal moment for the advancement of international climate cooperation. It builds on the commitments made in the 2015 Paris Agreement, but which are acknowledged to fall short of the goal of limiting the increase in global temperatures to 1.5 degrees C.
As the UNFCCC explained in a recent document, COP26 has four key goals:
- Secure new national carbon reduction commitments for 2030 and reach net-zero by 2050. "To deliver on these stretching targets, countries will need to accelerate the phaseout of coal, encourage investment in renewables, curtail deforestation, and speed up the switch to electric vehicles," the report said.
- Adapt to protect communities and ecoystems already affected. "At COP26 we need to work together to enable and encourage countries affected by climate change to protect and restore ecosystems, build defenses, put warning systems in place, and make infrastructure and agriculture more resilient to avoid loss of homes, livelihoods, and lives," the report said.
- Meet the developed nations' prior promise to invest $100 billion per year to help developing nations with their energy transition and climate mitigation.
- Work together. Finalize the rules to implement the Paris Agreement and "expand collaboration across government, businesses, and civil society to deliver on our climate goals faster."
In the months leading up to COP26, governments and nongovernmental organizations will be holding meetings to prepare for discussions of key issues that will arise at the summit. The timeline below, prepared by IHS Markit, lays out those key events.
- BP’s Lightsource JV gains $1.8 billion in backing for 25-GW solar pipeline
- Climate Week NYC brings corporate, government pledges
- US cracks down on climate-warming refrigerants
- High European gas prices not caused by energy transition: IEA
- US SEC prods companies to comply with decade-old climate disclosure guidance
- Xi puts China in positive light with coal pledge, but devil could be in the detail
- Vitol bolsters electric transportation footprint with BYD, Singapore deals
- France first out of the gate with commercial-scale floating wind only tender
For the first time, the IHS Markit base case scenario for refined products expects total global demand in 2050 to b… https://t.co/itHHZeuoED