Outcomes Of The 26th United Nations Climate Change Conference (Cop 26)
* UNFCCC - United Nations Framework Convention on Climate Change (adopted in 1992)
SOURCE: BLOOMBERGNEF
Share of global emissions regulated according to national and carbon neutral targets (up from 34% in January 2020)
The level at which global warming can be sustained while meeting the updated net zero targets. 0.3⁰C above Paris Agreement target of 1.5⁰C
Countries have agreed on the need to set more ambitious national emission reduction targets by 2030 to meet the Paris Agreement's 1.5⁰C goal.
The share of the world's forests with 141 countries committed to ending global deforestation by 2030
Countries signed a declaration
of commitment to stop global deforestation
by 2030
The agreement on commitments to stop deforestation by 2030 has
been criticized for not being binding.
Share of global coal generation capacity attributable to countries that have supported the coal-to-clean energy transition initiative
Countries supported the initiative
to switch from coal to "clean" energy
The coal phase down agreement has been criticized for being softened at the last minute from the original version, which called for coal phase-out.
Share of global methane emissions attributable to countries that have supported the initiative to reduce methane emissions
Countries supported the initiative to reduce methane emissions
One of the most successful initiatives at COP26 is the global agreement to reduce methane emissions by 2030.
CDM CERs of the Kyoto Protocol are translated into ITMOs
Countries with pilot projects under Article 6. 28 countries plan to convert CERs to ITMOs
Countries have agreed on rules for international trade in voluntary carbon units in accordance with Article 6 of the Paris Agreement.
Share of total GDP of countries providing climate finance
The goal for climate finance directed to developing countries from developed countries. At COP26, countries pledged to meet this target by 2025
Countries pledged to meet the $ 100 billion target of funding for developing countries from developed countries by 2025.