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Maybe it was the offer of warm sun in December, but this year’s COP drew 100K attendees, almost double the size of COP15 in Paris. Climate tech played its biggest role ever at COP this year. The oil & gas COP. This was the COP of the climate and O&G juxtaposition. The greenwashing was unavoidable.
This is the first COP where we are face-to-face with the reality of breaching the 1.5C It was also the first to be chaired by an oil and gas executive, putting a crude spotlight on the conflicting interests that have become entrenched in the COP process. And this year’s COP finally looked it in the eye. It’s not surprising.
Iván Duque Márquez, President of Colombia, for convening us to set our collective sight on the critical elements and level of ambition to safeguard and put biodiversity on a path to recovery by 2030," said Elizabeth Maruma Mrema, the Executive Secretary of the Convention on Biological Diversity.
The UN climate talks hosted in Dubai this month will shine a bright light on the pivotal role national oil companies, like UAE’s Abu Dhabi National Company (ADNOC), can and ultimately must play in the fight against climate change – particularly the urgent need to reduce methane emissions from the oil and gas supply chain.
Meat emits around a third of global emissions of methane, and action to cut this greenhouse gas has been identified by the UN and world leaders as the quickest route to slowing global heating. Nature-based solutions” is one of the only phrases linked to agriculture to be mentioned in the COP cover text.
Meat and dairy firms in particular are coming under increasing scrutiny due to pollution from livestock, which emits around a third of the global output of methane, a short-lived greenhouse gas identified as the quickest route to slowing global heating. Pesticide company Syngenta’s Foundation came with Ukraine.
Progress did seem to be forthcoming on cutting methane emissions, with more than 100 countries (although not China) – committing to a 30% reduction by 2030 compared to the 2030 baseline. COP president Alok Sharma described it as “a fragile win”. What can be done with the captured CO2? degrees alive.
I came away with three main takeaways for companies in the food and agriculture sector: It’s time to act 2030 is fast approaching and a changing climate is already here. Companies should also support farmers by investing in innovative solutions, particularly to tackle enteric methane. The time to take bold climate action is now.
This Conference of Parties (COP) was highly anticipated as a critical inflection point where our economies and societies set forth on an ambitious and clearly defined path to decarbonize by 2050 and keep warming below 1.5 There are a variety of different sources of methane emissions and many solutions will be needed to curb those emissions.
The Adnoc LNG field and a number of others in the UAE appear to be constantly emitting and burning polluting methane despite Adnoc’s 20-year-old policy to reduce the environmentally damaging practice to zero in on day to day operations. Flaring also allows the escape of some unburned methane gas, which is a powerful greenhouse gas.
COP28 Climate Summit President Sultan Ahmed al Jaber has called for a tripling of clean energy generation by 2030 and a doubling of low-carbon hydrogen capacity by 2030, as he used his first address since being appointed to lead this year's global climate talks to promise a "COP of action". target within reach. "We
Agriculture is the leading driver of the potent greenhouse gas methane, which is responsible for a third of human-caused warming to date. Nestlé has emissions three times the size of its home country Switzerland, for example, due to methane from its dairy supply chain. Again, the strategy is partial.
On the plus side, the pact reaffirmed the central importance of 1.5C (our best chance to avoid the worst impacts of climate change), mentions coal and fossil fuels for the first time, and calls for countries to “revisit and strengthen” 2030 climate pledges by the end of 2022 instead of waiting another five years. of warming.
It is highly likely the row over phasing down or phasing out coal power will return in the coming years and the debate at future COPs will no doubt be extended to address oil and gas. Countries requested to set tougher 2030 climate plans. Polluters have been put on notice. temperature target stands tall. or 1.7C, but 1.5C
And all for a fuel that's hard to justify in a future low-carbon economy, requiring carbon capture technology (which has not yet been demonstrated at scale) and deeper emissions reductions elsewhere to compensate for methane leakage from fracking wells. On track to net zero.
The research considered five systems in which the consumption and production of greenhouse gas emissions need to be transformed to limit global warming to 1.5C: energy and power, food and land use, industry, transport, and buildings.
Alok Sharma intent on holding 'most inclusive COP ever' in Glasgow, but it is not UK's gift alone to make in-person event happen. This is what makes the next United Nations Climate Conference in Glasgow, COP 26, so critical. If we are serious about 1.5C, Glasgow must be the COP that consigns coal power to history," he said.
Both nations have agreed to take steps to reduce methane emissions, to make greater efforts to de-carbonize and to actively transition to clean energy. We also saw leaders from more than 100 countries pledge to stop deforestation by 2030 – a contract of enormous planetary importance. gap is closed”.
The findings further fuelled the cautiously optimistic mood that has built up during the first week of talks at COP26, which has seen a raft of new net zero pledges from emerging economies and a series of global deals to increase flows of climate finance, better protect forests, accelerate clean tech deployment, and curb methane emissions.
More specifically, he will stress the need for all countries to come forward with strengthened national climate action plans - or Nationally Determined Contributions (NDCs) in the UN jargon - to significantly reduce emissions by 2030 and reach net zero by mid-century, and to support adaptation to escalating climate threats.
I also want particularly to thank COP President Alok Sharma who has worked incredibly hard to bring countries together. Despite the Covid-19 crisis, we have accelerated action, the COP has responded to the IPCC's call to close the gap towards 1.5, Greenwashing is the new climate denial, and we have seen too much at play in this COP.
Each year since 1995, with the exception of 2020, the United Nations Framework Convention on Climate Change ( UNFCCC ) has hosted a Conference of Parties (COP), where members of the UNFCCC negotiate issues relating to reducing greenhouse gas emissions and other matters relating to climate change. UNFCCC began convening COPs in 1995.
The first few days of COP have ushered in a wave of major announcements and funding pledges. Countries and companies have also kicked off pledges to triple investments in renewables and nuclear, drive down methane emissions, and commit loss and damage funds. . billion needed to reach its $250 billion goal by 2030.
revisit and strengthen" their 2030 climate targets by the end of next year, in a move that would put pressure on countries to ramp up their decarbonisation ambitions after more than 150 countries failed to do so ahead of COP27. It also "requests parties that have not yet done so. in reach, global emissions must peak before 2025 at the latest.
The world has signed up to delivering 17 Sustainable Development Goals by 2030, after all, while scientists have made clear that global greenhouse gas emissions must halve by the end of the decade to stand a chance of limiting average temperature increases below the critical 1.5C pathway by 2030.
Now there is a broad consensus that bolder action is required well before 2030, even if some of the details are still being thrashed out. From tackling deforestation to curbing methane emissions, the various multilateral commitments are focused on areas where they can have real impact. of warming was completely burned through.
Over 100 countries pledged to halt and reverse deforestation, with a similar number joining an EU and US pledge to cut methane emissions by 30 per cent by 2030. What stood out clearly in Glasgow is that COP26 was the first COP where the real economy turned up in force.
The curbing of emissions to reduce the concentration of greenhouse gases such as carbon dioxide and methane in the environment. Conference of the Parties (COP). COP is the decision-making body responsible for monitoring and reviewing implementation of the UNFCCC. The hope is that limiting global warming to 1. Anthropogenic.
The bank, the UK's largest financier of fossil fuels, has announced it plans to stop financing thermal coal mining by 2030 in OECD countries, before exiting thermal coal altogether five years later. aligned scenario". ShareAction senior research officer Lydia Marsden warned the plan included a "number of troubling loopholes".
Keep your eye on 2030. Earlier in the Summit an independent analysis had warned that based on current national emissions targets for 2030 the world was still on track for 2.4C This COP caused deep frustrations but it wasn't for nothing," she said. "It The NDCs just don't add up," he warned. That is our horizon.".
But within hours of it being signed the pollution-loving Australian government signalled it had no intention to strengthen its disgracefully weak 2030 emissions targets. Future COPs will re-open this debate and seek to extend it to gas and oil. If COPs did not exist you would have to invent them.
Of course, there are deep failures at the heart of the COP process and its politics. 151 countries have tabled or re-tabled their ambitions for 2030. 2030 targets look nothing like the 45 per cent global cut we need, and while countries debate the level of international support climate impacts are biting now all around the world.
The UK remains COP President until next November, when it will hand the baton over to Egypt, which is set host the COP27 Summit at the Red Sea beach resort of Sharm-el Sheikh. Indeed, there is no shortage of world-changing points of action for Sharma's COP team to be getting on with over the coming months.
Dubbed the 'Glasgow Declaration', it also signals that current COP26 negotiations should call on countries to take "ambitious action during this critical decade to keep the [Paris Agreement temperature limit] within reach, including as necessary communicating or updating 2030 NDCs and long-term strategies".
Like the World Cup that kicked off within hours of the gavel coming down in Sharm El Sheikh, COPs provide a regular temperature check for global geopolitics. Those frustrations were further amplified by the Egyptian Presidency's management of the talks, which saw the timetable slip badly, even by COP standards.
OECD countries must phase out existing coal by 2030, with all others following suit by 2040. By 2030, solar and wind capacity should quadruple and renewable energy investments should triple to maintain a net zero trajectory by mid-century. There must be no new coal plants built after 2021. COP26 will be the moment of truth.".
Boris Johnson has stressed that "COP simply must succeed", as he reiterated calls for major economies to ramp up their climate commitments ahead of COP26 and step up to the plate with promised funding to help vulnerable nations deal with the growing impacts of global warming. Getting it all done by COP, six out of 10.
In November, I had the privilege to represent Schneider Electric at the UN's Conference of Parties (COP) on climate change in Glasgow. This COP was unlike the previous 25 iterations, in that it took place during a global pandemic. COP is and remains, fundamentally, a policy event. Bottom Line for Business.
However, analysts said a new pledge from G20 leaders to "take further" action to "formulate, implement, update and enhance, where necessary, our 2030 NDCs [national climate plans]" combined with a reiteration of support for the Paris Agreement's 1.5C temperature limit as a common goal, and committed to updating and enhancing their 2030 NDCs.
In a move that environmental advocates cautiously celebrated, the pair agreed earlier this month to work together to try to triple renewable energy capacity globally by 2030. And during COP28, they’ll host a meeting to address methane pollution, an even more potent greenhouse gas than CO2. But (why is there always a but?!)
The tech sector can help deliver on COP26 promises such as curbing methane, ending fossil fuel finance and reversing deforestation, explains techUK's Craig Mason. This is the first time that a COP agreement has been made on coal at this level. Global curbs to methane. Tech has two important roles in the wake of this agreement.
As part of the initiative, the International Solar Alliance aims to mobilize $1 trillion in financing by 2030 to assist developing countries in expanding their solar power grids. On Tuesday, Biden unveiled plans to target methane emissions with a rule from the Environmental Protection Agency.
By 2030, it aims to produce 75,000 to 100,000 tons of Lithium Carbonate Equivalent (LCE), the refined product used in batteries, enough to power 1m EVs. It also announced a $162m loan guarantee for LongPath Technologies to support methane emissions monitoring across oil and gas fields in major US basins, its first GHG-tracking loan.
Since the convention’s establishment, the countries involved meet annually during the Conference of the Parties (COP). COP is a supreme decision-making body that aims to promote the effective application of the convention. 30 years later came COP 26 (2021) – held in Glasgow. C) within reach.
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