US-China Declaration, Elimination of Oil and Gas Highlighted at COP 26

Jay Owen Green Prosperity, Wealth of Networks

The Glasgow Climate Change Conference has featured launch events for a number of high-level declarations and initiatives. 

Just before the opening of COP 26, leaders adopted the G20 Rome Leaders’ Declaration, an outcome of their 30-31 October 2021 meeting in Rome, Italy. The 61-paragraph Declaration includes sections on global economy, health, sustainable development, support to vulnerable countries, the financial architecture, environment, and circular economy, among others. On climate change, the Leaders acknowledge that promoting sustainable food systems will make a “major contribution to tackling the interlinked global challenges of climate change and biodiversity loss.” They commit to tackling “the critical and urgent threat of climate change and to work collectively to achieve a successful UNFCCC COP26 in Glasgow.”

Among other commitments, the Leaders highlight the “importance of the effective implementation of the global goal on adaptation,” say they will submit adaptation communications, and indicate they will increase their “efforts to implement the commitment made in 2009 in Pittsburgh to phase out and rationalize, over the medium term, inefficient fossil fuel subsidies that encourage wasteful consumption and commit to achieve this objective, while providing targeted support for the poorest and the most vulnerable.”

During the first few days of COP 26, a number of high-level announcements, partnerships, and declarations were announced during the World Leaders’ Summit. These announcements included India’s commitment to achieve net-zero by 2070 and Nigeria’s commitment to achieve net-zero by 2060. New funding commitments also were announced, including for adaptation. Key declarations and partnerships announced during the World Leaders’ Summit include:

  • Glasgow Leaders Declaration on Forests and Land Use, in which 110 countries aim to end deforestation by 2030;
  • Global Methane Pledge – which now has more than 100 members – to collectively reduce methane emissions by 30% below 2020 levels by 2030, which could avert 0.2 degrees of global warming; and
  • High Ambition Coalition announcing its resolve to deliver on mid-century net-zero greenhouse gas (GHG) emissions goals, including by phasing out unabated coal-fired power plants and halting inefficient fossil fuel subsidies as soon as possible. Continue reading