Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

So what has Cop26 achieved so far?

So what has Cop26 achieved so far?

Agreements on deforestation, methane and coal were welcome news. Less so was some countries’ absence from major initiatives
Pledges


In terms of national carbon pledges, India provided the best news last week, with prime minister Narendra Modi announcing that the country – currently a major polluter – intends to generate half its electricity from renewables by 2030 and achieve net zero emission status by 2070.

Most experts rate the latter target as extremely ambitious and, according to the journal Nature, many suspect it is more likely that India’s plan is to reach net zero only for carbon dioxide by 2070, with other greenhouse gases coming later. Nevertheless, the move is significant and contrasts sharply with the poor emission commitments made to date by Saudi Arabia, the planet’s second-biggest oil producer, and by Russia, its second-biggest gas provider. Much, in short, remains to be done.

Forests


Felling trees contributes to climate change because it depletes forest cover, which is vital for absorbing carbon dioxide. Forests are, it’s said, being cleared at a rate of 30 football pitches’ worth a minute. An agreement to call a halt to this staggering level of deforestation – reached on Tuesday – was one of the high points of Cop26’s first week. As part of the deal, more than 100 world leaders agreed to reverse deforestation by 2030. Crucially, Brazil –which has cut down huge stretches of the Amazon rainforest in recent years – was among the signatories. However, observers have pointed out that a previous international agreement, in 2014, failed to slow deforestation in any way. On the other hand, the latest pledge is being backed with some serious money: almost £14bn ($19.2bn) of public and private funds. Some of this money will go to developing countries, to restore damaged land and help tackle wildfires.

A climate protestor in Glasgow this weekend.


Methane


Carbon dioxide may be the principal driver of global warming, but methane is also a potent greenhouse gas, and atmospheric levels have surged over the past decade. The commitment – by an alliance of more than 90 nations, representing two-thirds of the global economy – to reduce methane emissions by at least 30% from current levels by 2030 is therefore considered an important, albeit belated, step forward.

“Cutting back on methane emissions is one of the most effective things we can do to reduce near-term global warming and keep it to 1.5°C,” said European Commission president Ursula von der Leyen. Methane is emitted from gas and oil wells, pipelines, livestock, and municipal landfill sites, and much of the effort – to be led by the US – will involve companies being obliged to plug leaks in more than 3 million miles of pipelines. Significantly however, China, India and Russia have not pledged to cut their methane emissions.

Coal


Greenhouse gases produced by burning coal are the single biggest contributor to climate change. Weaning the world off coal is considered critical in limiting temperature rises across the planet.

“I think we can say the end of coal is in sight,” said Alok Sharma, British president of the two-week summit, detailing an agreement to phase out existing coal-fuelled power plants and stop building new ones. Signatories of the non-binding pledge include major banks and, he said “46 countries … 23 of which are making commitments on ending coal for the first time”.

However, the absence of Australia, India, the US and China from the pledge to drop coal has drawn criticism. “The key point in this underwhelming announcement is that coal is basically allowed to continue as normal for years yet,” said Jamie Peters, director of campaigns at Friends of the Earth.

Future warming


The International Energy Agency (IEA), the world’s energy watchdog, reacted fairly enthusiastically to the pledges made so far. “New @IEA analysis shows that fully achieving all net zero pledges to date & the Global Methane Pledge by those who signed it would limit global warming to 1.8C,” the agency’s director, Fatih Birol, wrote on Twitter last Friday. But Selwin Hart, the special adviser to the UN secretary-general on climate action, challenged the assertion. “Fatih, I heard your numbers,” he said in Glasgow. “But based on the nationally determined contributions that have been submitted, the world is on a 2.7 degree pathway – a catastrophic pathway.”

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
Russia's Fossil Fuel Revenues Approach €900 Billion Since Ukraine Invasion
Alcohol Industry Faces Increased Scrutiny Amid Health Concerns
U.S. Goods Imports Plunge Nearly 20% Amid Tariff Disruptions
Italy Faces Population Decline Amid Youth Emigration
Trump Accuses China of Violating Trade Agreement
OpenAI Faces Competition from Cheaper AI Rivals
Foreign Tax Provision in U.S. Budget Bill Alarms Investors
Russia Accuses Serbia of Supplying Arms to Ukraine
Gerry Adams Wins Libel Case Against BBC
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
EU Majority Demands Hungary Reverse Anti-LGBTQ+ Laws
Top Hotel Picks for 2025 Stays in Budapest Revealed
Iron Maiden Unveils 2025 Tour Setlist in Budapest
Chinese Film Week Opens in Budapest to Promote Cultural Exchange
Budapest Airport Launches Direct Flights to Shymkent
Von der Leyen Denies Urging EU Officials to Skip Budapest Pride
Alcaraz and Sinner Advance with Convincing Wins at Roland Garros
EU Ministers Lack Consensus on Sanctioning Hungary Over Rule of Law
EU Nations Urge Action Against Hungary's Pride Parade Ban
Putin's Helicopter Reportedly Targeted by Ukrainian Drones
U.S. Considers Withdrawing Troops from Europe
Russia Deploys Motorbike Squads in Ukraine Conflict
Critics Accuse European Court of Human Rights of Overreach
Spain Proposes 100% Tax on Non-EU Holiday Home Purchases
German Intelligence Labels AfD as Far-Right Extremist
Geert Wilders Threatens Dutch Coalition Over Migration Policy
Hungary Faces Multiple Challenges Amid EU Tensions and Political Shifts
Denmark Increases Retirement Age to 70, Setting a European Precedent
Any trade deal with US must be based on respect not threats', says EU commissioner
UK Leads in Remote Work Adoption, Averaging 1.8 Days a Week
Thirteen Killed in Russian Attacks Across Ukraine
High-Profile Incidents and Political Developments Dominate Global News
Netanyahu Accuses Western Leaders of 'Emboldening Hamas'
Ukraine and Russia Conduct Largest Prisoner Exchange of the War
×