On November 13, the 26th UN Climate Conference (COP26) ended in Glasgow. During this event countries came to a final decision on their immediate plans to combat the climate crisis.
The UN Climate Conference is the only global forum where representatives of states gather to discuss the problem of the climate crisis and possible actions related to the United Nations Framework Convention on Climate Change (a UN treaty signed by 197 countries as part of the fight against climate change).
Accordingly, the Glasgow Climate Pact is a document that directly defines our future: it sets out all the conditions the participating countries have agreed to, as well as their obligations.
In total, four issues were on the official agenda of the Summit:
· Reducing carbon emissions to net zero by the middle of this century and keeping the target at 1.5 degrees;
· Protecting vulnerable communities from the effects of climate change and restoring ecosystems;
· Financial mobilization for the implementation of these goals (developed countries were supposed to allocate $100 billion to developing countries by 2020);
· Reaching an agreement in negotiations, including agreement on the reporting procedure for the implementation of the Paris Agreement (Paris Rulebook).
The historic moment of COP26 was the signing by some countries and companies of an agreement on the reduction of coal-fired power plants and the transition to clean technologies. It was initiated by the United Kingdom, where the Conference took place.
In the document, the countries declared their willingness to accelerate the complete abandonment of coal, as well as to stop issuing permits for new projects for the production of coal-fired electricity.
In addition to the gradual abandonment of coal, the participating countries agreed on the following:
· To stop deforestation by 2030: more than 100 countries (accounting for 85 percent of the world's forests) agreed to influence deforestation in their regions and use forests as an important way to combat the climate crisis.
· Methane: about 100 countries supported commitments to reduce methane emissions by 30% by 2030. However, it is difficult to call the decision a success, since the main pollutants - China, Russia and India did not agree to such conditions.
· Financing and adaptation: the pact also called on developed countries to at least double the financing of developing countries that are already suffering from the effects of climate change.