Suites Eucaliptus – Top World Finance News

Main Menu

  • Electronic Trading System
  • Lost Decade
  • Made to Measure Tariff
  • United Nations
  • Fund

Suites Eucaliptus – Top World Finance News

Header Banner

Suites Eucaliptus – Top World Finance News

  • Electronic Trading System
  • Lost Decade
  • Made to Measure Tariff
  • United Nations
  • Fund
United Nations
Home›United Nations›Explanation: sticking points at the United Nations climate conference

Explanation: sticking points at the United Nations climate conference

By Guadalupe Luera
October 18, 2021
0
0

FILE PHOTO: A man smokes on a bank of the Huangpu River near a coal-fired power station in Shanghai, China October 14, 2021. REUTERS / Aly Song

LONDON – Representatives from nearly 200 countries will meet in Glasgow, Scotland, from October 31 to November 12 for climate talks to strengthen action on global warming under the 2015 Paris Agreement.

Amid extreme weather events around the world and following a United Nations climate report that warned that global warming is about to get out of hand, the actions of governments at this conference will determine whether it is a success.

Here are some of the issues that need to be addressed:

EMISSIONS REDUCTION COMMITMENTS

Six years ago in Paris, countries agreed to reduce greenhouse gas emissions in order to limit global warming to 2 degrees Celsius and ideally 1.5 ° C. To do this, emissions must be halved by 2030 and reach net zero by mid-century.

As the United Nations conference was postponed last year due to the coronavirus pandemic, this year is the deadline for countries to commit to reducing their emissions more sharply (known as Nationally Determined Contributions or NDCs) .

A UN analysis of new or revised NDCs submitted by the end of July found that by 2030, those 113 countries would collectively reduce their emissions by 12% from 2010 levels.

But the available NDCs from the 191 parties to the Paris Agreement combined equate to a 16% increase in greenhouse gas emissions in 2030 compared to 2010, he said.

About 120 countries have so far submitted revised NDCs, but there is inconsistency with no common timeline for meeting commitments. There are also a variety of approaches in CDNs, which makes comparability difficult.

Negotiators must also agree on common timetables for future emission reductions.

The main emitters of China, India, Saudi Arabia and Turkey – together responsible for around a third of global greenhouse gas emissions – have not yet proposed a strengthened NDC and must do so at this conference, known as COP26.

FINANCE

As early as 2009, developed countries agreed to raise $ 100 billion per year by 2020 to help developing countries cope with the impacts of climate change.

Explanation: sticking points at the United Nations climate conference

FILE PHOTO: A truck passes as steam rises from the five lignite-fired power stations of RWE, one of Europe’s largest electricity companies in Neurath, northwest of Cologne, Germany, on March 12, 2019. REUTERS / Wolfgang Rattay / File photo

However, the most recent data from the Organization for Economic Co-operation and Development (OECD) shows that in 2019, governments in developed countries raised $ 79.6 billion for vulnerable countries, up 2% from compared to $ 78.3 billion in 2018.

As rich countries fall short of the $ 100 billion a year target, it can shatter confidence in climate talks, experts say. And a new financial target must be set from 2025.

LOSS AND DAMAGE

Governments have agreed to address the impact of climate change on developing countries, but there are no details on liability or compensation, a bone of contention for many poorer countries.

A platform to enable technical assistance to vulnerable countries was created in 2019, but developing countries want a more robust mechanism to include funding.

FOSSIL FUELS

UK COP26 President Alok Sharma has said he wants this conference to be the one where coal power is made in history.

The UN called for the phase-out of coal by 2030 in OECD countries, but environment ministers from the Group of 20 major economies failed to agree on a timetable .

ARTICLE 6

Article 6 of the Paris Agreement, which covers the role of carbon markets, has not been resolved since the pact was concluded. Progress on this collapsed in the last talks in 2019.

The article calls for “robust accounting” to avoid “double counting” of emission reductions. It also aims to establish a central United Nations mechanism to trade carbon credits from emission reductions generated by low carbon projects.

Subscribe to our daily newsletter

Read more

Don’t miss the latest news and information.

Subscribe to INQUIRER PLUS to access The Philippine Daily Inquirer and over 70 titles, share up to 5 gadgets, listen to the news, download from 4 a.m. and share articles on social media. Call 896 6000.

For comments, complaints or inquiries, contact us.

Related posts:

  1. Message from UN Secretary-General António Guterres on International Women’s Day 2021
  2. UN official: Biden’s plan to boost refugee resettlement ‘sends important signal’
  3. Amid “conflict, blanket denials and finger pointing”, UN rights chief calls for investigation in Tigray, Ethiopia |
  4. Progress “Restricted” in Closing Chemical Weapons File in Syria, Says UN Disarmament Chief to Safety Council
Tagsclimate changecoronavirus pandemicunited nations

Categories

  • Electronic Trading System
  • Fund
  • Lost Decade
  • Made to Measure Tariff
  • United Nations

Recent Posts

  • 18 million inhabitants of the African Sahel “on the verge of famine” |
  • Chicago pursues ‘two-sided’ strategy to acknowledge police abuse under former police commander Jon Burge, filing claims
  • Reviews | Biden has the means to reduce inflation. Why doesn’t he act?
  • Global Electronic Nose Market (2022 to 2027) – Industry Trends, Share, Size, Growth, Opportunity and Forecast
  • UN chief expected to disclose Ukrainian grain export talks – UN officials
  • Terms and Conditions
  • Privacy Policy