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COP26

Emissions Trading

India has well-developed complementary infrastructure including fully developed technology within the country to implement an Emission Trading Scheme with minimal additional infrastructure inputs. It however requires a detailed framework for allocation methodology, implementation, compliance enforcement and legal aspects

Showing the way

While the world agreed last year at the United Nations Climate Change Conference (COP26) in Glasgow that Africa would be wracked by drought, rising sea levels, conflicts over water access, and frequent severe weather events among other natural disasters as an impact of climate change, the historical emissions context was largely elided.

Getting real

Kemal Dervis of Brookings in a recent essay has suggested that there are today two significant “global missions” that Europe could embrace: Climate change and dual-use technologies.

In the end, it’s about money

The core climate finance issues at this COP, among others, were the delivery of $100 billion yearly fund by 2020, a new quantified goal to mobilise from 2025 taking $100 billion as the floor, adaptation finance, and finance for Loss and Damage

Climbing a Mountain

It is doubtful if “longer term net zero” pledges will be met since most countries have not yet implemented the short-term policies or the legislation that is required to do so.