COP26 Briefing Note: Nature, Markets, and a Sense of Urgency
COP26 Briefing Note: Nature, Markets, and a Sense of Urgency
This briefing note was written to provide a summary of what happened at COP26 Glasglow for Climate Focus friends and partners.
Further details in this briefing note include discussions around these points:
- In 2021, concern about climate change is globally mainstream.
- The Glasgow Climate Pact put new energy behind the commitment to limit global warming to 1.5°C.
- Glasgow saw more announcements on forests and nature than any of its predecessor conferences.
- Six years after the adoption of the Paris Agreement, negotiators finally completed the “Article 6 rulebook” and enabled carbon markets under the Agreement.
- Expectations of developing countries with respect to accessing sustainable and predictable finance for adaptation and loss & damage were once more defeated.
- Gender, human rights, and inclusion of Indigenous Peoples and local communities were given increasing attention in the negotiations, although the COP remains, overall, an affair of well-situated men.