what is cop26 and why is it important

They're there to debate issues and set emissions targets to try to mitigate the worst of the climate crisis. You can unsubscribe at any time. As many countries look to rebuild their economies in the wake of the pandemic, there has been a major emphasis on . Officially known as the Conference of the Parties, COP isthe most significant global climate change eventto take place each year. COP26 is an international climate change conference held under the United Nations Framework Convention on Climate Change. What Is COP26 And Why Is It So Important? First, Covid-19 prompted individuals and governments to pay more attention to the environment. This can be a very powerful motivator in getting countries with inadequate climate change policies to up their game. Fossil fuel use must also end. Why is COP26 important? Prominent people attending the conference include Boris Johnson, Sir David Attenborough, Her Majesty The Queen, Pope Francis and Greta Thunberg. This years COP in Glasgow is set to be another significant meeting. This is the worlds opportunity to deliver a credible, binding response to the climate disaster we currently face, and it must be taken seriously. So far, Australias contributions towards this global commitment are minimal, and we will need to lift our annual contribution by around 10 times if we are to fulfil our fair share towards this global goal. Countries will also be asked to bring plans to help the world reach net-zero by the middle of this century. COP26 is the forthcoming UN climate change conference. This year, it's taking place in Glasgow, which is why it's also referred to as the Glasgow Climate Summit. That target has been missed: the OECD found in a report in September that only about $80bn was provided last year. In recognition that only collaboration between countries can make atrueimpact, therun up to the event is a hive ofnegotiation. Last year, at COP26 in Glasgow, a plan was agreed to reduce coal usage, world leaders agreed to phase-out subsidies that artificially lower the price of coal, oil, or natural gas, and there was an agreement pledged to significantly increase money to help poor countries cope with the effects of climate change. Sadly, Australia has been dragging its feet on climate change for far too long, and the Federal Government has not indicated that it is intending to turn the ship around any time soon, to become the climate leaders we know we should be. Now, some 30 years later, were up to COP26, and we're still seeing politicians, thankfully a dwindling number, pushing for inaction. Climate Action Tracker, which analyses global targets, said Chinas NDC would mean temperatures were on a trajectory to 2.4C, well above even the upper goal of the Paris accord. Poor countries were promised at the Copenhagen Cop in 2009 that they would receive $100bn a year by 2020. Getting everyone to commit to net zero by 2050 is one of COP26sofficial goals. Under the 1992 United Nations Framework Convention on Climate Change (UNFCCC), every country on Earth is treaty-bound to avoid dangerous climate change, and find ways to reduce greenhouse gas emissions globally in an equitable way. The Climate Council acknowledges the Traditional Custodians of the lands on which we live, meet and work. COP26 was the 2021 United Nations climate change conference For nearly three decades the UN has been bringing together almost every country on earth for global climate summits - called COPs - which stands for 'Conference of the Parties'. Climate finance is the money provided to poor countries, from public and private sources, to help them cut emissions and cope with the impacts of extreme weather. Boris Johnson (centre) and the Cop26 president, Alok Sharma (left), meeting with the executive secretary of the UN Framework Convention on Climate Change (UNFCCC), Patricia Espinosa, at the UN building in New York on 20 September. The UK COP26 President Alok Sharma will work with countries in the run up to the event which willculminate inover 200 countries and 30,000 delegates, including heads of state,coming together in Glasgow toagree on the final legal, institutional and administrative agreements each countrywill beheld accountable for. It resulted in 195 countries around the world signing a treaty, known as the Paris Agreement, agreeing to limit global warming to well below 2C and to pursue efforts to limit warming to 1.5 C. Countries will also be asked to bring plans to help the world reach net-zero by the middle of this century. Instead, he will act as a neutral and impartial COP official. Lisa Sizeland in Schroders' global content team has summarised what COP27 is and why it matters in this Q&A. Only radical change can get us there. The awaited COP26, also known as the 2021 United Nations Climate Change Conference, will be held in Glasgow, Scotland, between 31 October and 12 November 2021 - under the presidency of the United Kingdom and Italy. The UK is the fastest country in the G20 to decarbonise its economy since 2000, cutting carbon emissions by more than 40% in the last 30 years. Under thetransformativeParisAgreementagreed at COP21,each country pledged to outline their Nationally Determined Contributions (NDCs)-their individual efforts to reduce emissions. In simplest terms, COP26 is the 26th United Nations climate change conference (formally known as 'Conference of the Parties'). Mapping out a pathway to net zero isnt something you can delay.. It is an important step . As many as 200 world leaders and 36,000 delegates are expected to attend. In this way, poor countries gain access to much-needed finance for emissions-cutting efforts, and rich countries face less of an economic burden in cutting carbon. They promised to try to keep global temperatures to well below 2C compared to pre-industrial levels, and ideally below 1.5C. Every year, it is hoped that COP meetings result in agreements between world leaders to take measurable action on tackling climate change. What is deeply frustrating as a scientist is that even back at the first COP meeting, we'd already had the first IPCC report which very clearly spelled out some of the risks of ongoing burning of fossil fuels. Achieving net zero emissions by 2050 is one of the measures deemed necessary to meet the Paris Climate Agreements targets it wont fix the excess greenhouse gases already in the atmosphere, but it will help stop the problem getting worse. This annual meeting brings together the 197 members of the convention to take joint action against climate change. Alongside the above, there is also still considerable unfinished business from previous COPs, with significant sections of the so-called Paris Rulebook still unfinished after several years. North Hoyle offshore wind farm in Wales. COP26 will be hosted by the UK in Glasgow, with Italy as co-presidents. The researchers discussed the climate action that needs to happen, how the world might change if we dont meet our climate targets by the end of the century, and what personal messages theyd like to give to their leaders. Countries are also meeting for a parallel set of talks on stemming biodiversity loss, restoring natural ecosystems and protecting the oceans. Under the 2015 Paris climate accord, nations committed to restricting global temperature rises to well below 2C. But it ended in scenes of chaos, division, recriminations and discord. Theres likely to be a whole lot of policy talks, target announcements and fancy jargon thrown around in the lead up to and during the summit, so treat this explainer as your go-to guide to see you through COP26, and get you up to speed on what its all about and why its so important. The pledges made at summits like COP affect us all. Fortunately, governments understood this shortfall when negotiating the Paris Agreement, and decided that countries must strengthen their commitments every five years. The UK is the fastest country in the G20 to decarbonise its economy since 2000, the first country in the world tolegislate for net zero. United Nations Framework Convention on Climate Change(UNFCCC), More than one fifth of all humans live in regions that have already seen warming greater than 1.5 degrees. Low rated: 1. This would be a welcome first step, but cannot be the final goal. Welcome to COP101! The Scottish government, the UN and the UKs national government have all been closely involved in the preparations. We will not share your personal details with these third parties. Privacy notice. More than one fifth of all humans live in regions that have already seen warming greater than 1.5 degrees. A lot of countries have committed to this already, and its set to be a big focus at this years COP.. There are two main reasons why the 2021 summit is so important. The decision was taken to hold the event in person, rather than virtually, because of the urgent need for countries to increase their ambition on emissions cuts, and the difficulty of getting progress to that end without people meeting face-to-face. Earlier this year, the Sustainable Development Report announced thatAustralia ranked lastfor climate action among UN member countries. This year, it's taking place in Glasgow, which is why it's also referred to as the Glasgow Climate Summit. Countries have also been wary of committing to firm decisions on the complex technical negotiations by virtual means. This annual meeting brings together the 197 members of the convention to take concerted action on climate change. Why is COP26 important? COP is held in a different country each year. Carbon trading was included in article 6 of the Paris agreement, but conflicts over how to implement it have never been resolved. TheUNFCCCappoints a host countryeach yearto take on themantel to lead negotiationsonhow wefindanequitable way toshare theburden the climate emergency presents. Basically, COP26 will be a 2 week-long series of conferences, talks and discussions between global leaders to discuss their climate commitments and work out ways for coordinating efforts to combat climate change going forward. How much more of a declaration do you need from the science community to understand the gravity of this situation?, What scientists hope will happen at this years COP. . These had to be reviewed forthe periodpost2020 andcountries are now stating their intentions. Progress to decarbonize construction has been slow, which can be seen as a lack of both carrots, in the form of adequate tools and resources; and sticks, robust embodied carbon requirements, whether set by . This year it's in Glasgow, Scotland. Countries have made moves in this direction China, the worlds biggest coal consumer, will stop financing new coal-fired power plants overseas, for instance. At 2009s COP15 event in Copenhagen, developed nations agreed to raise $100 billion per year by 2020 to support developing countries. COP26 is being heralded as one of the most important climate events of the decade, and for good reason, too global emissions MUST plummet this decade if we are to avoid catastrophic climate impacts. COP stands for 'Conference of the Parties', and it's the annual meeting of the countries that are members of the UN Climate Convention. Climate change is one of the biggest challenges of our time and it demands global collaboration. Activist Greta Thunberg is expected to attend COP26. One of the key issues now is to ensure that the talks themselves run smoothly. But the biggest problem with CO2 is that once its in the atmosphere, the natural reabsorption back into the oceans and land takes hundreds of thousands of years. COP26 is an annual United Nations conference created to address climate change. We must keep global warming to below 1.5degreesif we are to avoid the worst effects of climate change. British politician Alok Sharma will act as the President of COP26 which means he will no longer represent the UK. With COP27, the UN climate summit, now underway - follow our blog for the latest developments and our investors' perspectives. COP26 is an annual United Nations conference created to address climate change. This event featuring our students and early career researchers was important because they are the future leaders that implement the commitments that countries will make at COP26, says Prof. Leslie. According to the 2015 Paris agreement, rich countries were supposed to raise $100 . "All your questions about COP26, the world's most important and confusing climate diplomatic process, answered." "Perhaps you've heard rumblings of the Paris Agreement or countries getting together to talk about climate change sometime soon under the banner of the United Nations. For almost three decades, world governments have met nearly every year to forge a global response to the climate emergency. We use them to improve our website and content, and to tailor our digital advertising on third-party platforms. More than 190 world leaders are expected to attend this summit, which runs from 31 October to 12 November. With 1.5 degrees Celsius being the central figure among the many climate goals being discussed. It brings together rich and poor countries, high emitters and low emitters. An increase of 1.5C would still result in a rising sea levels, the bleaching of coral reefs, and an increase in heatwaves, droughts, floods, fiercer storms and other forms of extreme weather, but these would be far less than the extremes associated with a rise of 2C. Government and big business are a key part of the journey, but individuals will also play a role. Registered Charity Number: ACN 165 914 303, POSTCARD TO EGYPT: Join the call for urgent action at COP27, PUT CLIMATE FIRST ON AUSTRALIA'S NATIONAL AGENDA. Everything you need to know about the Glasgow conference seeking to forge a global response to the climate emergency. Postponed from 2020 due to COVID-19, the UK and Italian Governments are co-hosting this event. If Earth gets even hotter still, disasters are likely to unfold around the planet. The money is used for helping developing countries reduce emissions, such as accelerating their transition to renewable energy. It is being hosted by the UK Government in Glasgow. Avoiding climate catastrophe now depends on every country bringing the most ambitious commitments and actions they can muster to the table. Developing countries want reassurances that the money will be forthcoming as soon as possible, and want to see a new financial settlement that will vastly expand the funds available beyond 2025. This year, its taking place in Glasgow, which is why its also referred to as the Glasgow Climate Summit. What is COP26? We use cookiesto give you the best online experience. COP26 (Conference of the Parties 26), originally expected to take place in 2020, marks five years since the Paris Agreement where countries across the globe agreed to step up their ambition and update plans to address climate change. The '26' signifies that this is the 26th Conference of the Parties. It will be held in the Glasgow Science Centre, which includes a 370-seat IMAX auditorium. As many countries seek to rebuild their economies after the pandemic, there has been a strong emphasis on "better construction" through a green recovery. What is COP? Glad you asked! About 25,000 people are expected to attend the conference in total. The Trustees of The Natural History Museum, London, financial investment needed to make real change. Temperatures around the world are already at about 1.1 1.2C above pre-industrial levels, and greenhouse gas emissions are still on an upward trend. What will be decided at COP26? "at cop-26, the parties will work to achieve the completion of paris agreement implementation guidelines; the mobilization of climate finance; actions to strengthen climate adaptation, technology development and transfer; and keeping in reach the paris agreement goals of limiting the rise in global temperatures," the ministry of external affairs Any residual emissions remaining by then, for instance from processes that cannot be modified, must be offset by increasing the worlds carbon sinks, such as forests, peatlands and wetlands, which act as vast carbon stores. global emissions MUST plummet this decade. Despite the disruption, COP26 has been keenly anticipated - with many. US President Joe Biden will also be attending after re-joining the Paris Agreement. More than 190 world leaders willattend this summit, which runs from 31 October to 12 November. The UK Governmentwasalsothe first country in the world tolegislate for net zeroby 2050, and the Scottish Government by 2045. As well as pledging to treble our renewable output by 2030 and build flexible electricity networks to support it alongside other flexible power generation in the form of carbon capture and storage, weve also set our own comprehensive carbon targets, aligned to the 2015 Paris Agreement, and validated by the Science Based Target initiative. In the context of the pandemic,this focuson net zero also gives an opportunity toBuild Back Betteras we emerge from coronavirus in the months and years aheadand the Governments 10-Point-Plan and Energy White Paper have given a direction of travel. COP refers to the Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC), which is the peak decision-making body for the worlds climate change commitments. Ending their reign will require huge changes, to energy systems, to the built environment, to transport, to our behaviour and diet. Importantly, COP26 falls around the 5 year mark since the Paris Agreement was signed, so countries are expected to ramp up their emissions reduction targets to satisfy their commitment to the Paris Agreement. Amidst the maelstrom of daily life, it's honestly hard to . This includes heads of state, climate experts, business . The United Nations Framework Convention on Climate Change(UNFCCC)states every country isduty bound to avoid dangerous climate change and find ways to reduce greenhouse gas emissions. There have already been COP conferences, in fact, COP 26, as the name shows, is the 26th annual summit. In the coming months well be running a series of articles, blogs and features looking at the issues at stake and the debates that are core to delivering a decarbonised future. The 26th Conference of the Parties took place in Glasgow, Scotland, last year, and ended with countries reaching the Glasgow Climate Pact. It's likely the world's best shot to finally start winding down greenhouse . Image:Daniele COSSU/Shutterstock.com. Long-term goals are not enough, however. One of the most positive sessions was held in Paris in 2015, which established the Paris Agreement, a legally binding treaty in which leaders pledged to limit global warming. COP26 is the 26th annual COP, which stands for Conference of the Parties. Sign our petition calling for the Federal Government to strengthen its emissions reductions targets before COP26! To achievethesetargetsmassive cuts willstillneed to be made tocarbon emissions. Climate change is one of the biggest challenges of our time and it demands global collaboration. COP26 begins on 1 November and is the 26th edition of the United Nations annual climate change conference. The 2021 meeting. 7.5bn in five years in critical electricity infrastructure to support those efforts, including building the worlds largest offshore windfarm Dogger Bank - off the coast of Yorkshire, Scotlands largest offshore wind farms and the UKs largest onshore wind farms. Several changes for consumers are on their way over the coming decades. COP26 marks the end of that five year period, so its crucial the countries ratchet up their climate goals ahead of the summit. There has also been progress on issues such as methane, a greenhouse gas that can heat the planet 80 times more than carbon dioxide, and which comes from animal husbandry, agricultural waste, oil drilling and other fossil fuel exploration. They would result in a 16% increase in emissions, far from the 45% cut needed. 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what is cop26 and why is it important