COP26: Sparks fly over loss and damage from climate change and carbon offset markets

Sky News

Sparks flew at the Glasgow talks today over how to pay for the loss and damage that climate change inflicts on developing nations and on how high polluting countries could pay other countries to offset their emissions.

…Mohammed Adow, director of Power Shift Africa, said the very reason vulnerable countries call for such a funding mechanism is: “We failed to mitigate enough.

“We failed to provide meaningful support to the vulnerable countries to adapt. And now we are in a world where the residual effects of climate change will mean some of those will exceed our adaptation limits,” said Mr Adow.

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The @IEA projects 95% of growth in global power-generation capacity to come from #renewables by the end of 2026.

However, renewables growth would need to double to reach the Paris temperature goals.

The IEA sees #COP26 making a positive difference.

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At COP26 analyses showed we're headed for 2.7C, but a new study casts doubt on whether scientists can precisely tell how much emission-cutting pledges can stem global warming.
https://www.axios.com/warming-carbon-emissions-pledges-3ef8dd6d-5678-494a-b642-5790ae9b7139.html

It's been a record year for #renewableenergy in the past year.
On current trends, RE generating capacity will exceed that of fossil fuels and nuclear energy combined by 2026; but it's only half of what's needed for #NetZeroBy2050
https://www.theguardian.com/environment/2021/dec/01/renewable-energy-has-another-record-year-of-growth-says-iea

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