Glasgow, Scotland – The need to address the climate crisis – such as the escalation of burning oil – remained on the table on Friday when climate negotiators met with COP26 and a few hours to attend the summit.
However, a recent plan for a final climate change agreement in Glasgow was set up with warnings that “watered” targets to reduce greenhouse gas emissions, experts said.
“Unfortunately, we still talk about eliminating combustible oil, and we’re talking about coal. It’s a good thing – many expect a tough fight to eradicate it,” said Richie Merzian, a former climate negotiator with the Australian government and now The Australian Institute.
“But, having said that, there have been a number of warnings in place – enough to keep the coal train going,” he added.
Photo of COP26 the first document was released Wednesday, raising hopes of taking action if the use of coal and fossil fuels has made this the UN’s first climate record for the first time. Countries like Saudi Arabia, Russia, and China have long struggled to curb any such language.
One warning issued Friday, threatening the necessary goal of maintaining a temperature of 1.5 degrees Celsius (2.7 degrees Fahrenheit) by the end of this century, was only old, old coal factories expected to close, not operating new technologies. .
Another point that has been added from previous articles is simply to eliminate the “insufficient” support of fossil fuels. “As if there were some better ones,” Merzian lamented.
“Unfortunately this is a weasel word that allows countries to flee,” he said. “This is a warning we were expecting, but there are others who have a place to deal with burning oil.”
‘You Have Been Brought Down’
When it comes to ambitious targets for reducing greenhouse gases by 2030 – the key to climate change – language is yet to be found, said Merzian.
Importantly, he added, is a clear text that forces countries to clearly articulate their new goal of reducing emissions – equivalent to 1.5C – by next year.
“This is missing, it’s been downloaded,” Merzian said.
Scientists say the world needs hydrocarbons to be shut down by about 50 percent over the next eight years – otherwise keeping the 1.5C target alive would not be possible.
Serious financial deficit
One of the positive things he added to the final notes was the financial impact for developing countries experiencing seasonal and upcoming disasters.
The rich countries – which have caused climate change by pumping greenhouse gases since the time of the Industrial Revolution – have pledged years ago to pay $ 100bn a year to the poor who are most affected by climate change.
However, that promise has not been fulfilled. Friday’s report, however, outlined a climate change fund and helped developing countries move away from hydrocarbon power, a welcome move.
“I think it’s part of us recognizing the $ 100bn reduction, and we have a phone to give away full. That was a very rare phone call in the past,” said Jennifer Tollmann from European think-tank E3G.
He also mentioned that double the cost of climate change was included in the document.
Extreme levels of rainfall, floods, wildfires, and tidal waves will intensify as the earth continues to heat up for many years to come.
‘It does not fill a gap’
Tollmann said that while it was good that the currencies of countries at risk of climate change were addressed, the biggest problem was the lack of funding.
Some observers say that $ 100bn a year is a drop in the ocean compared with what countries really need to do to cope with the devastating effects of climate change, as well as to stop burning oil. According to estimates, anywhere from $ 300bn to $ 800bn per year is what is needed.
“Then will it be enough? Going backwards, the reality is that it does not fill the gap between what developing countries need to change in order to change. [to green economies], ”He said.
It remains to be seen whether COP26 documents will remain as valid as Friday. Climate negotiators are expected to work on Saturday, or even further, to reach an agreement.
Za high-risk countries in the Global South, can expect any alliance to show a greater commitment to resolving the climate crisis, after 30 years of rhetoric from world leaders.