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COP 26: Key Takeaways

 

COP 26 Takeaways: Relevance

  • GS 3: Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests.

 

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COP 26 Takeaways: Context

  • Recently, COP 26 was held at Glaslow, UK where countries have pledged commitments to decrease carbon footprint in the world.

 

COP 26: Key Takeaways_40.1

 

COP26 Summit 2021: Key points

  • CoP26 aims to keep alive a receding target of capping global warming at 1.5 degrees Celsius above pre-industrial levels to avert damages from the intensified heatwaves, droughts, storms, floods and coastal damage that climate change is already causing.

 

Slashing methane emission

  • Leaders have pledged to stop deforestation by the end of the decade and slash emissions of the potent greenhouse gas methane to help slow climate change.
  • Nearly 90 countries have joined a S.-and EU-led effort to slash emissions of methane 30% by 2030 from 2020 levels.
  • The Global Methane Pledge, first announced in September, now covers emissions from two-thirds of the global economy
  • Non-signatory includes China, Russia and India while Australia have decided not to back the pledge.

 

India’s Expectations from COP-26

 

Why methane?

  • Methane is more short-lived in the atmosphere than carbon dioxide but it is 80 times more potent in warming the earth.
  • Methane is estimated to have accounted for 30% of global warming since pre-industrial times, so cutting methane emission is one of the most effective ways of slowing climate change.

 

A Climate Dividend- India at the COP26 of the UNFCCC

 

 

Saving forests

  • More than 100 national leaders pledged to halt and reverse deforestation and land degradation by the end of the decade, underpinned by $19 billion in public and private funds to invest in protecting and restoring forests.
  • The agreement expands a commitment made by 40 countries as part of the 2014 New York Declaration of Forests.
  • Under the agreement, 12 countries pledged to provide $12billion of public funding between 2021 and 2025 for developing countries to restore degraded land and tackle wildfires.
  • Private sector investors have also pledged to stop investing in activities linked to deforestation such as cattle, palm oil and soybean farming and pulp production.
  • Brazil, which has cleared vast swathes of the Amazon rainforest, did make a new commitment on Monday to cut its greenhouse gas emissions by 50% by 2030, compared with a previous pledge of 43%.

 

UN Glasgow Climate Change Conference (COP 26)

 

Why forests

  • WRI’s Global Forest Watch revealed that in 2020, the world lost 258,000 sq km of forest — an area larger than the United Kingdom.
  • WWF estimates that 27 football fields of forest are lost every minute.

COP 26 key takeaways From india: Read from here

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