With less than nine weeks until the COP26 Summit takes place in Glasgow, it is expected that all eyes will be on the nations at the Summit to progress with negotiations and set ambitious, achievable targets to tackle climate change. Now two years on from the last event, will this year’s summit achieve what COP25 could not?
What were the highlights from COP25?
COP25 was tasked with finalising the rules of Article 6 of the Paris Agreement, particularly focusing on the rules of future international carbon markets and agreeing upon numerous financial matters.
However, as the Summit progressed, the discussions over Article 6 took a lot of negotiating with countries unable to agree. Due to this, leaders could not deliver on the agreements of Article 6, which will now be discussed at the upcoming COP26 Summit. Nations at the Summit acknowledged the essential role of climate finance with new financial pledges of $90 million made by nations to...