COP26 – while some progress has been made, a current policy world of 2.6C or 2.7C warming is still one with potentially catastrophic impacts on human and natural systems.

Analysis: Do COP26 promises keep global warming below 2C?

Business Green 11th Nov 2021, Depending on whom you ask, the COP26 climate summit may seem like the best of times or the worst of times. On the one hand, reports proclaim boldly that limiting global warming to below 2C might finally be in reach. On theother, critics complain that modest improvements on country commitments amount to little more than “blah blah blah”. The reality is more nuanced. There has been progress made in flattening the curve of future emissions through both climate policies and falling clean energy costs.

At the same time, the world is still far from on track to meet Paris Agreement goals of limiting warming to 1.5C or “well below” 2C.

COP26 negotiations have seen a flurry of new reports on what existing and new promises and pledges mean for the climate.

Here, Carbon Brief breaks down these numbers, looking at what they refer to, where different groups agree and disagree on likely outcomes, and the potential impact of new long-term net-zero promises.

The analysis reveals widespread agreement between four different groups assessing the climate outcomes of COP26. They suggest that current policies will lead to a best-estimate of around 2.6C to 2.7C warming by 2100 (with an uncertainty range of 2C to 3.6C).

Finally, if countries meet their long-term net-zero promises, global warming would be reduced to around 1.8C (1.4C to 2.6C) by 2100, though temperatures would likely peak around 1.9C in the middle of the century before declining.

In addition to the revised NDCs, there have been a series of announcements at COP26 – including the Global Methane Pledge and an accelerated coal phaseout, as well as business pledges as part of the Race to Zero campaign. Carbon Brief’s analysis finds that these new announcements – combined with recent updates to NDCs – have likely shaved an additional 0.1C warming off what was implied under commitments out to 2030.

Similarly, India’s new net-zero pledge has reduced projected global temperature rise by around 0.2C – if all countries meet their long-term net-zero promises.

The extent to which the many new and revised targets will be met will depend on whether they are translated into meaningful near-term commitments. So far the lack of stronger commitments for emissions cuts by 2030 creates a “very big credibility gap” for net-zero promises, according to the Climate Action Tracker………………..

while some progress has been made, a current policy world of 2.6C or 2.7C warming is still one with potentially catastrophic impacts on human and natural systems. Much more needs to be done to further reduce emissions to meet Paris Agreement goals of limiting warming to “well below” 2C by 2100.

Business Green 11th Nov 2021

https://www.businessgreen.com/news/4040170/cop26-crucial-draft-text-delayed-talks-finance-struggling-progress