The proceedings in Glasgow may be chilly indeed COP26
Framework Convention on Climate Change. It marks the most important climate talks since 2015, when the Paris agreement was signed. That is largely because of what countries promised they would do by this point. All countries are supposed to have announced tough new targets for reducing emissions. Rich countries are supposed to be helping poor ones finance green schemes. On both fronts, the world is coming up short. The proceedings in Glasgow may be chilly indeed.
India, which is responsible for 7% of carbon-dioxide emissions, has not yet published a fresh climate strategy. Nor has China, which accounts for 28%. Last year it said that it planned to make its emissions peak “before” 2030, having previously said only that it would reach this milestone “around” that time. Many would like it to bring this date forward, but Li Shuo of Greenpeace thinks that is unlikely to happen soon.
All these disappointments will cause hand-wringing at the summit. Rich countries may re-emphasise their willingness to lend. They may offer an aggregate figure over several years, such as $500bn between 2020 and 2025.
The fourth topic is what Helen Mountford of the World Resources Institute, a think-tank, calls “keeping 1.5°C alive”. Green groups and some governments want countries to acknowledge that the world is failing to slow global warming, and to state explicitly that they wish to keep the increase under 1.5°C. China and India refused to back a similar statement at the20 summit in July. They feel that if the temperature targets are revised the same should happen to the climate-finance goals.
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