• BDO on COP26

BDO COP26 Digest #7 - 08 November 2021

Today’s main theme is ADAPTATION, LOSS AND DAMAGE

Delivering the practical solutions needed to adapt to climate impacts and address loss and damage, especially in the Global South countries.

  • COP26 negotiators committed to a shift towards locally led climate adaptation measures including crop and livelihood diversification, seasonal climate forecasting tools, famine early warning systems, weather related insurance and increased water storage through over 70 endorsements to the Principles for Locally Led Adaptation. Additionally, over $450m was mobilised for initiatives and programmes enhancing locally led approaches.  This ‘Race to Resilience’ campaign brings together initiatives that are strengthening the urban, coastal and rural resilience of 2 billion people worldwide
  • $232 million has been committed to the Global Adaptation Fund, the highest single mobilisation to the Fund and more than double the previous highest collective mobilisation. Commitments came from the USA, Canada, Sweden, Finland, Ireland, Germany, Norway, Qatar, Spain, Switzerland and the UK, plus the Quebec and Flanders governments.
  • To support global efforts to tackle the impacts of climate change, the UK government announced new funding totalling £290 million, including:
  • £274 million to help countries across Asia and the Pacific better plan and invest in climate action, improve conservation and deliver low carbon development
  • £15 million for the Adaptation Fund.  This supports developing countries to take action where they most need it
  • £1 million to support the delivery of faster and more effective global humanitarian action, including in response to climate-related disasters
  • 88 Global South countries are now covered by Adaptation Communications or National Adaptation Plans to increase preparedness to climate risks
  • Despite the successful commitment to the global Adoption Fund, negotiations have been complicated by the diverging opinions on compensation for already occurring climate damages. Many Global South nations want the Global North to pay for these damages and additional adaptation measures (e.g. flood defences) as developed countries are responsible for the vast majority of emissions leading to climate impacts

In other COP news:

·The US administration launches new ‘Carbon Negative Earthshot’ in a bid to accelerate the development of direct air capture technologies and nature-based solutions. The Biden administration has announced plans for a major new initiative designed to drive down the cost of nascent direct air capture (DAC) technologies and nature-based solutions. Formally launched late last week at the COP26, the Carbon Negative Earthshot initiative from the Department of Energy (DoE) set a target to bring down the cost of removing a tonne of carbon dioxide from the atmosphere to under $100 by 2030

  • Senior Chinese and Saudi Arabian negotiators are blocking progress towards a deal at COP26 by refusing to accept that they must be fully transparent about their greenhouse gas emissions. Both countries had objected to proposed reporting requirements aimed at resolving concerns that some nations conceal the extent of their emissions. The dispute is delaying progress on other ingredients of a deal, including rules on establishing a global market for carbon offsetting
  • Fashion industry leaders pledge to raise collective climate ambitions and call on firms in the sector to set science-based targets in line with 1.5C that see emissions cut in half by 2030
  • Former US President Obama called on world leaders to “step up and step up now” to avert climate breakdown, singling out China and Russia for being foremost among countries that are failing to cut planet-heating emissions quickly enough. Obama said that while progress has been made at the Glasgow climate talks, including significant pledges made by countries to reduce methane emissions and to end deforestation, “we are nowhere near where we need to be at” in cutting emissions and that “most nations have failed to be as ambitious as they need to be.”
  • The number of lobbyists for fossil fuels at COP26 attracted criticism from climate activists at the beginning of this second week of the summit. According to the NGO Global Witness, the number of oil and gas lobbyists (503) is greater than any single delegation from the participating countries.  The largest national delegation, Brazil, has only 479 members. At the same time, many groups from countries particularly hard-hit by climate change have complained about a lack of access to the conference, the press release said. The presence of hundreds of lobbyists will "only increase the scepticism of climate protection activists," warned Murray Worthy of Global Witness.

German notes from COP26

  • Former US President Barack Obama praised the climate protection movement Fridays for Future and its German activist Luisa Neubauer, who successfully brought 270,000 people onto the streets in Berlin in 2019. Neubauer has proven how fear can be translated into practical action.
  • Germany is providing €150 million to help poorer countries adapt to the consequences of climate change. This was announced by the Environment and Development Ministry on Monday at the start of the second week of the World Climate Conference in Glasgow. 50 million euros will flow into an ‘Adaptation fund’ for projects and the Ministry of Development is investing a further 100 million in what is known as the Least Development Countries Fund, to benefit the least developed countries.