COP26 Highlights and what next?

Businesses, News – Tuesday, November 16th, 2021

The heavily anticipated 26th Conference of the Parties (COP26) concluded earlier this month, after two weeks of intense negotiations between 197 parties in Glasgow.

The summit was positioned as the most crucial conference to date and the best last opportunity to keep 1.5 degrees of warming within reach.

This year’s conference was framed around driving action on the 4 key areas of: mitigation, adaptation, finance and collaboration. Under the umbrella of these goals, parties entered into negotiations across a variety of areas including energy, gender, nature, transport and youth and public empowerment.

All parties have now agreed the Glasgow Climate Pact, which will accelerate action on climate this decade and complete the Paris Rulebook. 1.5 degrees remains in sight but only if every country delivers on what they have pledged.

What has been achieved as a result of COP26?

  • 153 countries have put forward new or updated Nationally Determined Contributions (emissions targets)
  • 90% of the world is now covered by net zero targets (previously 30%), accounting for 80% of global emissions
  • 80 countries are now covered by Adaptation Communications or National Adaptation Plans
  • 34 countries and 5 public finance institutions will stop international support for the fossil fuel energy sector
  • Paris Rulebook finalised and ‘enhanced transparency framework’ agreed

Learn more about the COP26 Glasgow Climate Pact here.