(ANSA) – ROME, NOVEMBER 12 – The second draft of the final document of the Cop26 in Glasgow came out overnight, revised with the observations of the ministers. The call to activate the $ 100 billion a year fund for least developed countries by 2023 has disappeared. The second draft merely urges “developed countries to deliberate fully and urgently on the $ 100 billion goal up to 2025, and stresses the importance of transparency in the implementation of their commitments.
It contains among other things an invitation to governments to accelerate on renewable sources for electricity production and on the elimination of coal and subsidies to fossil fuels, urges developed countries to at least double their collective climate finance forecasts for the adaptation of countries developing from the current level to 2025.
The two paragraphs intended for the completion of the Paris Rulebook (the rules for implementing the Paris Agreement) and transparency (the rules for communicating the decarbonisation results of the states) are still empty. These are two of the thorniest dossiers under discussion in Glasgow.
Compared to the first draft, the goal remains to aim to remain below 1.5 degrees of global warming from pre-industrial levels (the most ambitious goal of the Paris Agreement), to cut carbon dioxide emissions by 45% by 2030 compared to 2010, and to reach net zero CO2 emissions around the middle of the century. There also remains a demand for deep reductions in greenhouse gas emissions that are not carbon dioxide.
The second draft still calls for an urgent update of the decarbonization objectives (NDC) for those countries that have not yet done so (the Paris Agreement provided for an update in 2020). But the forecast of a further update by the end of 2022, present in the first draft, disappears. (HANDLE).
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Source From: Ansa
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