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COP26 takes place this year in Glasgow between 31 October and 12 November under the UK and Italy’s joint Presidency. This is the ‘defining decade’ for climate change. We need to halve emissions by 2030 to keep the Paris Agreement goals within reach, but the emissions gap continues to widen. COP26’s key objective is to raise global climate ambition and complete the rules for implementing the Paris Agreement.
During this Durham Energy Alumni Chapter panel event, we will explore the negotiations that will take place around outstanding issues such as the carbon markets and the new long term climate finance goal to replace the failed goal of mobilising $100bn per year by 2020. Furthermore, we will explore the impact of the first year of the Paris Agreement’s ‘ratchet mechanism’ coming into force, requiring countries to submit new or enhanced Nationally Determined Contributions (NDCs) for the remainder of this decade. We must halve emissions by the end of this decade and COP26 will be critical for ensuring that these NDCs are sufficiently ambitious. There are many contentious areas that will be discussed and debated at COP26 and we hope that this panel event will illuminate what a successful COP26 looks like.
This will be an insightful session on the most important climate event of the year, if not the decade. There will be plenty of time for questions and we look forward to seeing you in attendance!