Draft Urges Nations to Tighten 2030 Climate Goals: COP26 Update
(Bloomberg) -- The U.K. presidency of COP26 has released a first draft of the summit’s conclusions, calling on nations to strengthen their climate targets for 2030. The text will now go to consultations with national capitals worldwide as the UN meeting in Glasgow enters its decisive phase.
Most Read from Bloomberg
Why Hong Kong Is Building Apartments the Size of Parking Spaces
The Rising Pacific Forces a Native Village to Move. Who Will Pay?
Wednesday means it’s transport day at COP, with announcements due on efforts to transition to 100% zero emission vehicles. Key will be progress on getting the big carmaking nations to commit to a more rapid phase-out of combustion engines.
Key developments:
Draft calls for countries to rewrite national blueprints by end-2022
Boris Johnson is due in Scotland to lend urgency to the talks
India is a test case for climate action
(All timestamps Glasgow, Scotland)
Draft Urges More Action Still (7:25 a.m.)
Countries will be asked to rewrite their national climate blueprints by the end of next year to bring them in line with the goals of the Paris Agreement, according to an early draft document emerging from COP26 negotiations.
It also calls on the United Nations to report every year on what the overall impact of countries’ climate plans is on global warming. At the moment, they put the planet on course for 2.7 degrees of warming.
To catch up on Tuesday’s developments, click here.
Most Read from Bloomberg Businessweek
The Chairman Who Went to War With His Family to Get the Company Back
One of the World’s Poorest Countries Found a Better Way to Do Stimulus
India’s Race to Vaccinate Its Villages Meets With Rural Resistance
©2021 Bloomberg L.P.