COP26 closes with ‘compromise’ deal on climate, but it’s not enough, says UN chief

Negotiators marking the closing of the United Nations climate summit, COP26, which opened in Glasgow, Scotland, on 31 October. The conference sought new global commitments to tackle climate change.

After extending the COP26 climate negotiations an extra day, nearly 200 countries in Glasgow, Scotland, adopted on Saturday an outcome document that, according to the UN Secretary-General, reflects the interests, the contradictions, and the state of political will in the world today.

“It is an important step but is not enough. We must accelerate climate action to keep alive the goal of limiting global temperature rise to 1.5 degrees”, said António Guterres in a video statement released at the close of the two-week meeting.

The UN chief added that it is time to go “into emergency mode”, ending fossil fuel subsidies, phasing out coal, putting a price on carbon, protecting vulnerable communities, and delivering the $100 billion climate finance commitment.

“We did not achieve these goals at this conference. But we have some building blocks for progress,” he said.

Mr. Guterres also had a message to young people, indigenous communities, women leaders, and all those leading the charge on climate action.

“I know you are disappointed. But the path of progress is not always a straight line. Sometimes there are detours. Sometimes there are ditches. But I know we can get there. We are in the fight of our lives, and this fight must be won. Never give up. Never retreat. Keep pushing forward”.

A snapshot of the agreement

The outcome document, known as the Glasgow Climate Pact, calls on 197 countries to report their progress towards more climate ambition next year, at COP27, set to take place in Egypt.

A last-minute amendment introduced by China and India softened language circulated earlier in a draft text about “the phase-out of unabated coal power and of inefficient subsidies for fossil fuels”. As adopted on Saturday, the text cites a “phasing down” of coal use.

The agreement also asks for tighter deadlines for governments to update their plans to reduce emissions.

On the thorny question of financing from developed countries in support of climate action in developing countries, the text emphasizes the need to mobilize climate finance “from all sources to reach the level needed to achieve the goals of the Paris Agreement, including significantly increasing support for developing country Parties, beyond $100 billion per year”.

The agreement also asks for tighter deadlines for governments to update their plans to reduce emissions.  

On the thorny question of financing from developed countries in support of climate action in developing countries, the text emphasizes the need to mobilize climate finance “from all sources to reach the level needed to achieve the goals of the Paris Agreement, including significantly increasing support for developing country Parties, beyond $100 billion per year”. 

The ‘least worst’ outcome

Earlier during the last stocktaking plenary, many countries lamented that the package of agreed decisions was not enough. Some called it ‘disappointing’, but overall, they recognized it was balanced for what countries could agree at this moment in time and given their differences.

Countries like Nigeria, Palau, the Philippines, Chile and Turkey all said that although there are imperfections, they broadly supported the text.

 “It is (an) incremental step forward but not in line with the progress needed. It will be too late for the Maldives. This deal does not bring hope to our hearts,” said the Maldives’ top negotiator in a bittersweet speech. 

US climate envoy John Kerry said the text “is a powerful statement” and assured delegates that his country will engage constructively in a dialogue on loss and damage and adaptation, two of the most difficult issues to get countries to agree on.

“The text represents the ‘least worst’ outcome,” concluded the top negotiator from New Zealand.

Other key COP26 achievements

Beyond the political negotiations and the Leaders’ Summit, COP26 brought together about 50,000 participants online and in-person to share innovative ideas, solutions, attend cultural events and build partnerships and coalitions.

The conference heard many encouraging announcements. One of the biggest was that leaders from over 120 countries, representing about 90 per cent of the world’s forests, pledged to halt and reverse deforestation by 2030.

There was also a methane pledge, led by the United States and the European Union, by which more than 100 countries agreed to cut emissions of this greenhouse gas by 2030. 

Meanwhile, more than 40 countries – including major coal-users such as Poland, Vietnam and Chile – agreed to shift away from coal, one of the biggest generators CO2 emissions.

The private sector also showed strong engagement with nearly 500 global financial services firms which agreed to align $130 trillion – some 40 per cent of the world’s financial assets – with the goals set out in the Paris Agreement, including limiting global warming to 1.5 degrees Celsius.

Also, in a surprise for many, the United States and China pledged to boost climate cooperation over the next decade. In a joint declaration they said they had agreed to take steps on a range of issues, including methane emissions, transition to clean energy and decarbonization. They also reiterated their commitment to keep the 1.5C goal alive.

Regarding green transport, more than 100 national governments, cities, states and major businesses signed the Glasgow Declaration on Zero-Emission Cars and Vans to end the sale of internal combustion engines by 2035 in leading markets in 2040 worldwide.  At least 13 nations also committed to end the sale of fossil fuel powered heavy duty vehicles by 2040. 

Many ‘smaller’ but equally inspiring commitments were made over the past two weeks, including one by 11 countries which created the Beyond Oil and Gas Alliance (BOGA). Ireland, France, Denmark, and Costa Rica among others, as well as some subnational governments, launched this first-of-its kind alliance to set an end date for national oil and gas exploration and extraction.

A quick refresher on how we got here

To keep it simple, COP26 was the most important climate-related conference on the planet. 

In 1992, the UN organized a major event in Rio de Janeiro called the Earth Summit, in which the UN Framework Convention on Climate Change (UNFCCC) was adopted.

In this treaty, nations agreed to “stabilize greenhouse gas concentrations in the atmosphere” to prevent dangerous interference from human activity on the climate system. Today, the treaty has 197 signatories.

Since 1994, when the treaty entered into force, every year the UN has been bringing together almost every country on earth for global climate summits or “COPs”, which stands for ‘Conference of the Parties’.

This year should have been the 27th annual summit, but thanks to COVID-19, we’ve fallen a year behind due to last year’s postponement – hence, COP26.