Intelligence Squared COP26: Everything you need to know
Oct 29, 2021
Isabel Hilton, founder of China Dialogue and a pioneer in environmental journalism, joins Akshat Rathi, Bloomberg's climate and energy expert. They dive into the crucial discussions at COP26, emphasizing the need for cooperation from powerhouses like China and the US. The guests explore the challenges of meeting climate goals, the importance of financial aid for developing nations, and the intricacies of carbon markets. They analyze the potential outcomes of COP26, from ambitious targets to the impact of coal pledges amid an ongoing energy crisis.
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COP26 Explained
- COP stands for Conference of the Parties, an annual UN event addressing climate change.
- It aims to implement the Paris Agreement, targeting net-zero emissions by 2050 and limiting temperature rise to 1.5 degrees.
Net-Zero Targets
- The Paris Agreement's net-zero by 2050 goal aims to limit warming to 1.5 degrees Celsius.
- Some developing nations, including China and Russia, argue for a 2060 target due to historical emissions by developed countries.
China's Emissions
- China's commitment to peak emissions by 2030 is considered a loose target.
- Reaching this goal is crucial, as China's actions significantly impact global climate efforts due to its status as the world's largest emitter.