• BDO on COP26

BDO COP26 Digest #9 - 10 November 2021

Transport Day. 

COP26 declaration on accelerating the transition to 100% zero emission cars and vans:

  • 30 Countries and car manufacturers pledged to end the sale of petrol cars in developed countries by 2035 and work towards all sales of new cars and vans being zero emission globally by 2040. The World Bank will launch a trust fund to mobilise $200 million over the next 10 years to decarbonise road transport in Global South economies.

The statement commits to rapidly accelerating the transition to zero emission vehicles to achieve the goals of the Paris Agreement, including:

  • All sales of new cars and vans being zero emission by 2040 or earlier;
  • Converting owned or leased car and van fleets to zero emission vehicles by 2035 at the latest;
  • Putting in place policies that will enable, accelerate, or otherwise incentivise the transition to zero emission vehicles;
  • Make zero emission vehicles the new normal by making them accessible, affordable, and sustainable in all regions by 2030;
  • Commit to supporting a global, equitable and just transition so that no country or community is left behind.

BEV – battery electric vehicle - FCEV – fuel cell vehicle - PHEV – plug in hybrid vehicles
Source: https://ukcop26.org/transport/

Explainer

Global transportation is responsible for 24% of direct CO2 emissions from fuel combustion. Road vehicles – cars, trucks, buses and two- and three-wheelers – account for nearly three-quarters of transport CO2 emissions. Emissions from aviation and shipping also continue to rise, highlighting the need for greater international policy focus on these hard-to-abate subsectors. Without action, global CO2 emissions from transport are projected to double by 2050 according to the latest UN Intergovernmental Panel on Climate Change (IPCC) report.

A shift to zero emission vehicles is already slowly underway, creating new jobs, bringing cleaner air to cities, and – increasingly – cutting the costs of car ownership across the world. To meet the goals of the Paris Climate Agreement all involved parties agree that the transition needs to happen much more quickly and be coordinated, if the predicted emissions rise from the transport sector is to be prevented.

Clydebank Declaration for green shipping corridors at COP26

The Clydebank Declaration is an ambitious global initiative led by the UK Department for Transport and has been signed by 19 countries who have committed to establish ‘green maritime corridors - specific maritime routes decarbonised from end to end, including both land-side infrastructure and vessels.

Green corridors are a critical tool for enabling early adoption of the long-run solutions that will be needed in international shipping. They will help gain important operational experience, reduce costs, and address safety issues of the zero and low GHG emission fuels.

The International Aviation Climate Ambition Coalition was launched today. Through this declaration, 22 member states of the coalition including the United States, United Kingdom, Republic of Korea and Japan commit to working together to support the adoption of an ambitious global goal for international aviation CO2 emissions by the International Civil Aviation Organization.

They also commit to supporting specific measures to reduce aviation emissions including sustainable aviation fuels, the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) and new aircraft technologies.

Other COP news

First draft of COP26 agreement released

The draft overall message ‘urges’ countries to ‘revisit and strengthen’ their 2030 climate plans by the end of 2022 to meet the world’s targets of holding global warming to 1.5°C and well below 2°C.

UK Prime Minister Johnson warned that failure to reach an ambitious agreement at the COP26 summit would be an “absolute disaster for the planet”. The climate talks are still officially set to end on Friday, but Johnson said he did not see why they should not go into “extra time” if needed. 

Passages from the draft:

The Conference of the Parties (COP):

  • Calls upon the private sector, multilateral development banks and other financial institutions to enhance finance mobilisation in order to deliver the scale of resources needed to achieve climate plans, particularly for adaptation, and encourages Parties to continue to explore innovative approaches and instruments for mobilising finance for adaptation from private sources
  • Calls upon parties to accelerate the phasing-out of coal and subsidies for fossil fuels
  • Notes with serious concern that the current provision of climate finance for adaptation is insufficient to respond to worsening climate change impacts in developing countries
  • Recognises the importance of protecting, conserving and restoring ecosystems to deliver crucial services, including acting as net carbon sinks, reducing vulnerability to climate change impacts and supporting sustainable livelihoods, including for indigenous peoples and local communities
  • Recognises the importance of international collaboration on innovative climate action, including technological advancement across all actors of society, sectors and regions, in contributing to progress towards the objective of the Convention and the goals of the Paris Agreement

Joint China/US action on methane

China and the United States pledged to take “enhanced” action to curb global warming in the next decade. In a joint declaration issued in Glasgow, the world’s two largest emitters agreed to co-operate in limiting global temperature rises to 1.5°C.

They pledged to take specific measures to cut methane emissions over the next ten years and enforce bans on imports linked to illegal deforestation. China repeated a promise to ‘phase down coal consumption’ from 2026 but added that it would ‘make best efforts to accelerate this work.’ The countries also committed themselves to ‘work co-operatively’ at COP26 to persuade other countries to sign up to a package to speed up carbon-reduction pledges.

Forest and land use discussions

These brought together an alliance of governments, companies, financial actors, and non-state leaders to raise ambition on forests and land use. Over 130 leaders, representing more than 90% of the world’s forests, have committed to work together to halt and reverse forest loss and land degradation by 2030 in the Glasgow Leaders’ Declaration on Forests and Land Use. This new pledge can build upon existing processes to reduce deforestation.

Reducing Emissions from Deforestation and forest Degradation (REDD+) refers to a list of activities which countries may use to slow, halt and reverse forest cover and carbon loss. So far, 54 developing countries have submitted data and information on their REDD+ implementation, including forest reference levels for technical assessments, and resulting in over 8 gigatons of verified emission reductions

12 countries announced in the COP 26 Global Forest Finance pledge to collectively provide US$ 12 billion for forest-related climate finance between 2021 and 2025. These pledges will cater for enhanced collaboration to halt and reverse forest loss and land degradation by 2030.

It is an effort essential to meeting the goals of the Paris Agreement, including accelerating the pursuit of efforts to limit global average temperature increase to 1.5C and key to minimising the risk of dangerous economic and social impacts caused by climate change.