In the months between COP26 and COP27, CMS will be offering continuing analysis and commentary on the COP process and climate change issues.
Here our Energy & Climate Change team looks at four key topics in the aftermath of COP26: carbon markets, coal, finance and greenhouse gas removals.
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‘Keep 1.5 degrees alive’ was a common slogan at COP26. But it now appears almost impossible to achieve the 1.5°C Paris Agreement target without the widespread use of greenhouse gas removal technology.
Greenhouse gas removals
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The Glasgow Climate Pact is the first COP decision to mention coal. What will its call to accelerate efforts towards ‘the phase-down of unabated coal power’ mean for the energy sector?
A role for coal?
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COP26 brought multiple initiatives aimed at focusing the global financial system on a net zero target. But it also saw continuing criticism of developed nations for not devoting more financial firepower to climate mitigation and adaptation.
Financing COP26 outcomes
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The COP26 consensus on global carbon markets will create real incentives and opportunities for both businesses and nations to profit from reducing their carbon output, as well as helping hard-to-abate sectors achieve net zero.
Carbon markets
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