On Saturday, the COP 26 summit concluded with 197 countries agreeing upon Glasgow Climate Pact. India had its way in replacing a reference to “phasing out” of coal with “phasing down” in the final pact. India argues that developing nations have to aim for their development agenda and hence fossil fuel and fossil subsidies are needed.
The pact has been levelled as the first-ever climate deal that plans at reduction of coal with the aim to limit global warming to 1.5-degree celsius. According to the report, work on having a definite plan to compensate disaster-hit countries is now been shifted to COP 27 in Egypt next year.
Indian representative at the Glasgow climate summit said, “Towards making COP 26 summit a success, we recognise the need of moving forward and reach the concrete results in Glasgow at COP 26. For this, we have shown maximum flexibility to help arrive at the outcome that is acceptable for all.”
He further added that the basic countries have committed themselves to ambitious climate actions notwithstanding with serious developmental challenges we face at home. We need to see developed countries step forward to deliver not just on their mitigation pledges but fast-track finance, technology transfer, and capacity building.
During Glasgow Climate Change Conference 2021, the world came together for our planet and people to finalise the Paris Agreement. Negotiators from 197 countries at the United Nations COP26 climate summit in Glasgow, Scotland, also agreed to phase out coal and fossil fuel subsidies.
Meanwhile, COP26 raised ambitions as over 90 per cent of global emissions are now covered by net-zero commitments.
Key highlights of the Glasgow Climate Change Conference:
- Nationally determined contributions now cover 80 per cent of global emissions.
- At COP26, countries agreed on the Glasgow Climate Pact.
- Another commitment is to reduce methane emissions by 30 per cent by 2030.
- Phasing out coal faster.
- Speeding up the switch to electric vehicles.
- Ending deforestation.
