COP26 Chairman Alok Sharma told delegates on Friday that a draft of a new final document would be prepared overnight and would be available after 8am on Saturday. Thereafter, a short plenary will be held where he will present the documents, share his assessment of the status of the negotiations, and outline proposed next steps. As he said, he envisions a formal plenary session in the afternoon where final decisions will be adopted and then COP26 will expire.
Approval of nearly 200 conference countries is required to adopt the final document.
Boris Johnson: Ambitious result looming
British Prime Minister Boris Johnson said on Friday he still believed an “ambitious outcome” was on the horizon despite the row over the fossil fuel phase-out clause. as he said it Britain hosts COP26 moving ‘Heaven and Earth’So that everyone sees the importance of an agreement to prevent global warming from staying at 1.5 degrees Celsius or less.
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In the 2015 Paris Agreement, countries pledged to limit temperature rise to “well below” 2 degrees Celsius. And trying to limit temperature rise to 1.5 degrees Celsius, scientists warn that stopping temperature rise at 1.5 degrees Celsius requires reducing greenhouse gas emissions by 45 percent. by 2030 and by mid-century to achieve net-zero emissions. However, the agreements reached at COP26 are not sufficient to approach this goal.
COP26. Changes to the draft agreement
included in the first draft of the agreement Call for “Acceleration of Carbon Phases and Fossil Fuel Subsidies” – which is crucial for the temperature rise not to exceed 1.5 degrees Celsius – was due to resistance among other things, weakened Saudi Arabia and China. The second draft, published Friday morning, talks about the gradual withdrawal of “persistence” of coal energy and “ineffective” subsidies for fossil fuels.
In addition, China and Saudi Arabia oppose proposals for all countries to submit more ambitious national emissions reduction plans for the period up to 2030 by the end of next year.
while Many developing countries have called for more funding to help them develop clean energy and mitigating the effects of climate change. The new project mentions that the year 2025 is the date when developed countries will double their financial aid to poor countries.
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