The wording of the new Glasgow Pact may not seem controversial to the uninitiated, but it has been subject to litigation for months – and in some cases for years.
Here are some of the key elements of the agreement:
– expresses “alarm and greatest concern” about the fact that human activities have caused warming of around 1.1 ° C and that the earth’s remaining “carbon balance”, which equates to 1.5 ° C, is “quickly depleted” .
– Emphasizes the “urgency of increasing ambition and action” in the 2020s in order to have hope of achieving the goals of the Paris Agreement.
– calls on the parties to “phase out” unabated coal-based electricity and inefficient subsidies for fossil fuels.
– Calls on the parties to “consider” further measures to further reduce greenhouse gas emissions, including methane, by 2030.
– expresses “deep regret” that the goal of the industrialized countries to mobilize 100 US dollars annually by 2020 for the developing countries to combat climate change has not been achieved.
– Urges developed countries to urgently and fully achieve the US $ 100 billion target by 2025.
– A new long-term financing target for the period after 2025 for climate finance for developing countries will be negotiated from 2022 and will be set as part of the proposals in 2024.
– reaffirmed the “urgency of scaling up action and assistance, including funding”, for developing countries to help them “avert, minimize and repair” losses and damage related to climate change.
– stresses the importance of “protecting, conserving and restoring nature and ecosystems” in order to achieve the Paris Agreement goal of limiting warming to 1.5 ° C and well below 2 ° C.
– Acknowledges the role of “indigenous peoples, local communities and civil society, including youth and children” in addressing and responding to climate change.
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