September 2021

COP26: TURN AMBITION INTO ACTION : Finalising the Paris Rulebook to manage future environmental consequences

The Most Critical Climate Change Conference Since the Paris Agreement and A chance for young people to propose ideas and concrete actions to address climate change.

Addressing the devastating effects of climate change requires a collaborative effort across businesses, governments, and society. Our Antswisa’s mission is to help private-, public-, and social-sector leaders take coordinated action to accelerate the implementation 100% Renewable Energy by providing in-depth research, convening with stakeholders, and translating research into practical assets and capabilities to create real-world impact.

At COP26, public, social, and private sector leaders will unite to seek solutions and Antswisa Transaction Advisory will be exclusively providing in-depth synthesis and providing consultancy to it’s customers. Countries and businesses that firmly embrace these opportunities, among other sustainability and climate innovation initiatives, will play a vital role in saving the planet.

What COP26 need to achieve ?

1. Secure global net zero by mid-century and keep 1.5 degrees within reach

Countries are being asked to come forward with ambitious 2030 emissions reductions targets that align with reaching net zero by the middle of the century.

To deliver on these stretching targets, countries will need to accelerate the phase-out of coal; curtail deforestation; speed up the switch to electric vehicles; and encourage investment in renewables.

2. Adapt to protect communities and natural habitats

The climate is already changing and it will continue to change even as we reduce emissions, with devastating effects.

At COP26, Nations need to work together to enable and encourage countries affected by climate change to protect and restore ecosystems and build defences, warning systems and resilient infrastructure and agriculture to avoid loss of homes, livelihoods and even lives

3. Mobilise finance

To deliver on our first two goals, developed countries must make good on their promise to mobilise at least $100bn in climate finance per year by 2020. The FDi report raises concerns about geographical distribution and quantified a highlight that about 60% of global investment projects originated and stayed within  OECD countries in 2020, a concern for the future of 100% Renewable Energy. International financial institutions must play their part and we need work towards unleashing the trillions in private and public sector finance required to secure global net zero.

4. Work together to deliver

We can only rise to the challenges of the climate crisis by working together.

At COP26 Nations must finalise the Paris Rulebook (the detailed rules that make the Paris Agreement operational) and accelerate action to tackle the climate crisis through collaboration between governments, businesses and civil society.

Work together to deliver.

Reaching agreement in the negotiations is our formal responsibility as the Presidency of COP26. Doing so will help deliver on our other three goals and show everyone that the world is moving to a resilient, net zero economy.

Finalise the ‘Paris Rulebook’

A focus for the negotiations is finalising the rules needed to implement the Paris Agreement, called the ‘Paris Rulebook’.

Nations must:

  1. Find a solution on carbon markets, by creating a robust system of carbon credits that supports the move to net zero.
  2. Resolve the issues of transparency, by putting in place a universal system that encourages all countries to keep to their commitments.
  3. Broker an agreement that drives ambition from governments over the coming years to keep 1.5 degrees alive.

The UN negotiations are consensus-based, and reaching agreement will depend on leaving no issue behind and making sure everyone’s voice is heard. Which is why Nations are working hard to remove barriers that prevent everyone from participating in COP26 and championing the voices of communities vulnerable to climate change, including indigenous peoples and communities grappling with the transition from high carbon activities.

TURN AMBITION INTO ACTION

However, finalising the Paris Rulebook on its own will not deliver net zero. Governments, business and civil society (sometimes called ‘non-state actors’) need to work together to transform the ways we power our homes and businesses, grow our food, develop infrastructure and move ourselves and goods around.

This is why the UK COP26 Presidency is working with countries and partners including the UN High Level Champions on Climate Action to:

  • Accelerate the transition from coal to clean power
  • Protect and restore nature for the benefit of people and climate
  • Accelerate the transition to zero emission vehicles
  • Raise climate ambition through science and innovation

 

By committing to work together in this way we are laying the foundations for faster progress in the decade to come.

Accelerating the transition from coal to clean power

Why it matters

The power sector accounts for a quarter of global greenhouse gas emissions. To meet the goals of the Paris Agreement, we need to move away from coal and towards clean power about five times faster than at present.  There’s a big opportunity: solar and wind power are now cheaper than coal in most countries, generating more jobs, and giving us cleaner air.

What Nations are doing

We are working to accelerate a global transition from coal to clean power that benefits jobs, workers, and communities.

In the Energy Transition Council, the political, financial and technical leaders of the global power sector are working together to ensure that clean power is the most attractive option for new power generation for all countries, and to support countries in making an equitable transition away from coal.

How you can help

Countries, states, cities, investors and utilities can help by:

  • Ending coal power:committing to phasing out coal power by 2030 (developed countries) or 2040 (developing countries), and to no new coal plants anywhere; joining the Powering Past Coal Alliance;
  • Scaling up clean power, and supporting other countries to do the same;
  • Increasing energy efficiency
Youth Participation in addressing Climate change
A chance for young people to propose ideas and concrete actions to address climate change.

Almost 400 young people aged between 15 and 29 from 186 countries will meet in Milan from 28 – 30 September 2021 to address the main urgencies and priorities of climate action.The ‘Youth4Climate: Driving Ambition’ meeting in Milan is part of the process of involvement of young people, which started in 2019, also thanks to the support of Italy, with the United Nations Youth Climate Summit, held in New York on 21 September 2019.

The youth delegates will form four working groups according to the following thematic areas: youth driving ambition, sustainable recovery, non-state actors’ engagement, and climate-conscious society.

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