/ 09 November 2021

What’s top of the pops at the COP?


Speaking of lowering emissions… World leaders might have left Glasgow, but officials have a mountain of work to get through in this second and final week of the international climate summit. Financial help for vulnerable developing countries is now at the front of the agenda. This discussion is billed as ‘cash for climate change‘ – something that has been unresolved since 2015. By 2023, $100 billion will be handed over by wealthy nations for resilience/adaptation projects in developing countries that are feeling the heat – but they also want compensation for loss and damage already inflicted. Another hard nut to crack this week: carbon trading. Called ‘Article 6’, it looks at setting the rules for global carbon markets that will become super important as countries balance their greenhouse gas books to drive towards net zero emissions by 2050.

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