Climate change report will reveal $100 billion pre-COP26 target met and missed

it would be a risky start Climate conference in Glasgow next weekBecause rich countries can be accused of spinning and burning gas while trying to fulfill their promise of giving $100 billion a year to poor countries to protect them. Global warming.One of COP26’s ambitions, which begins in nine days, is for high-income industrialized countries to eventually fulfill their promise to donate $100 billion annually to help developing countries survive and adapt to global warming. To do.An official document is expected to be published tomorrow that some will see as proof that the goal has failed again, while others will indicate – for the first time – that the goal is finally on its way to being achieved.

This report by UK-appointed German and Canadian ministers to chair COP 26 says the target will be achieved by 2022 or, more likely, 2023, but will not be achieved until 2020 or 2021.Radicals – like many developing countries, but some in Washington too – might say the goal is once again lost.However, the Canadian-German report would also say that more than $500 billion would be donated based on national pledges over five years to 2025, and taking this into account, wealthier countries would achieve the target annually on average for the full five years . . Expression.

Wind turbines stand at dawn at a wind farm in Colarmelle, near L’Aquila, Italy. Responsible for: AP

Governments differ in whether such multilateral fiscal goals can be achieved on an annual average rather than on a separate annual basis.Either way, rich industrialized countries cannot play their part in the poorer parts of the world, as this target was first set in 2009 and has yet to be achieved on an annual average or annual basis.It is unclear how the supposedly spurious success – the supposedly spurious success of building up enough funding commitments to achieve the target over the full five years by 2025 – will affect key negotiations at COP 26, affecting both rich and poor countries globally. To persuade to reduce. warming. gas emission.

What is COP26?

What is COP26? When and where will it be?

Every year the United Nations Framework Convention on Climate Change (UNFCCC) meets, known as the Conference of the Parties (COP), to discuss global progress on climate change and how to deal with it .

COP26 is the 26th summit of the United Nations Climate Change Conference to be held in Glasgow from 31 October to 12 November.

The summit was attended by the heads of state or government of 197 countries that have signed the United Nations Framework Convention on Climate Change (UNFCCC) – the agreement that entered into force in 1994.

Here are some world leaders who will not participate or have yet to confirm their presence:

  • Chinese President Xi Jinping, who has not traveled abroad since the pandemic began, is likely to have.

  • Iran’s President Ibrahim Raisi will not enter Britain after calling for a criminal investigation.

  • Brazilian President Jair Bolsonaro and Vice President Hamilton Mourao will not attend.

These are some of the world leaders who will be participating:

  • The Royal Family of the United Kingdom – The Queen, Prince Charles, Prince William, Duchess of Cornwall and the Duchess of Cambridge.

  • US President Joe Biden, Climate Ambassador John Kerry, climate adviser and former Environmental Protection Agency director Gina McCarthy and 10 other US cabinet officials.

  • Australian Prime Minister Scott Morrison. Australia has refused to reduce net greenhouse gas emissions to zero by 2050.

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What do you hope to achieve?

1. Probe Net zero greenhouse gas emissions by 2050 Limit global warming to 1.5°C above pre-industrial levelsCountries are encouraged to set ambitious emissions targets for 2030. They are also encouraged to accelerate coal phase-out, curb deforestation, accelerate the switch to electric vehicles, and encourage investment in renewable energy.

2. Protection of natural habitats and communities from climate disasters

3. Financing for a Green Future Developed countries must fulfill their pledge to contribute at least $100 billion (£72.5 billion) annually to protect the planet by 2020.

4. Calls for all countries and organizations to work together to tackle the climate crisis

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Many poor countries say that because rich countries have become richer by exploiting fossil fuels, those rich countries have a moral obligation to support developing world mitigation and adaptation as much as they did.Another reason developing countries are “angry” – according to one official – is that the reports by Germany’s Jochen Flasbarth and Canada’s Jonathan Wilkinson will have little detail on individual countries’ $100 billion contribution, so it is feared. That cash is not as silly as they hope and want.

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About the Author: Forrest Morton

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