2015 Paris Agreement Current Affairs - 2020

COP26 postponed due to the COVID-19 pandemic

On April 1, 2020, the United Nations announced that the Conference of Parties (COP 26) that was to be held in Glasgow in November 2020 has been pushed to 2021. This is being done over the threat of COVID-19 virus and its impact on the world.

Highlights

The COP 26 which is considered as an important climate negotiation since Paris agreement has been delayed. The decision was taken after the UN Framework Convention on Climate Change agreed to delay the talks.

Impacts

Delaying the talks has induced fear of easing governments over the targets set by the Paris agreement. The 1.5 degree report of IPCC (Inter Governmental Panel on Climate Change) had warned that the world will breach the 1.5 degree Celsius limit set between 2030 and 2052. Currently the world is 1.2 degrees warmer than the pre industrial levels. The aim was to keep it under 1.5 degrees. This is because, at such temperature all the corals in the planet would bleach off and die eventually affecting the marine ecosystem to a great extent. This will slowly affect the global environment and survival on the earth.

Therefore, delaying the talks will lead to lose of track in checking the emissions of different countries. The UN should come up with alternatives such as video conferencing as that adopted by SAARC and G20.

1 trillion USD required to achieve UN’s Decarbonization Target of Shipping Industry

The United Nations had set the target of reducing carbon emissions from shipping industry by 50% by 2050 as compared to the levels in 2008. A study of London based Energy Institute (University College London’s Energy Institute) suggest that in order to achieve the target, the world has to spend 1 trillion USD.

Highlights

According to the United Nations, the emissions from shipping account to 2.2% of world carbon-dioxide emissions. Reducing shipping emissions is ambitious and challenging as the shipping sector plays a major role in the growth of the economy. 90% of world trade happen at sea.

The study says that in order to achieve the target set by United Nations, it is essential to invest at least 50 to 70 billion USD annually.

The Decarbonisation target was initiated by the International Maritime Organization.

When was the resolution adopted?

The International Maritime Organization regulates international shipping and its green house gas emissions. The shipping industry was the only sector that was left out of the 1997 Kyoto protocol and its successor 2015 Paris agreement.

However, in April 2018, it was the IMO (operated under UNESCO) that adopted the resolution. According to the resolution the strategy to achieve the target begins in 2020.