![]() ![]() Years later, this promise was reaffirmed at the 2015 Paris summit, where in addition, the climate diplomats agreed to scale up this fund by 2025. The COVID-19 pandemic has strained the economies even further, widening the gap between necessary and available funds to combat climate change.īack in 2009, industrialised nations pledged to mobilise approximately $100 billion on a yearly basis from 2020 onwards to fight climate change. But, in the past, there has been a lot of tussles in collecting the desired climate fund to support developing countries. The world-mainly underdeveloped countries-needs an insane amount of funding to transit towards clean energy, even as they attempt to pull their population out of poverty. That’s why, even more ambitious goals will be critical in coming years. The final text of the Glasgow Climate Pact acknowledges that the current nationally determined commitments are not enough for limiting the warming to 1.5☌. The result could be catastrophic warming of up to 2.4☌ above the pre-industrial levels by 2100. Several projections have estimated that even if all the nations miraculously fulfil their pledge, we might still fall short of the desired outcome. But, its pulse is weak, and it will only survive if we keep our promises and translate commitments into rapid action," says Alok Sharma, UK president of COP26. "We can now say with credibility that we have kept 1.5 degrees alive. ![]() However, the odds are against it and would require overhauling the entire economic discourse across the globe. Whether the world would be able to limit the rise of global temperatures to 1.5☌ above the pre-industrial levels or blow past this number continues to be a constant debate! With the pact signed, there appears to be some hope that the world can still achieve it. After two weeks of intense negotiations, the landmark COP26 summit entailed some hits and many more misses. The accord has been criticised for weak commitments and for failing to phase out coal and deliver the much-awaited climate finance to achieve ambitious targets. “The Glasgow Climate Pact, combined with increased ambition and action from countries, means that 1.5☌ remains in sight, but it will only be delivered with concerted and immediate global efforts,” reads the press statement of COP26. The historic summit concluded with the signing of the Glasgow Climate Pact by nearly 200 countries with the hope to stop Earth’s rising temperatures and to speed up climate action. Over the first two weeks of November, delegates from around the globe gathered at the Mecca of the industrial revolution to tackle the excessive use of fossil fuels. However, Watt would have never imagined that humans would become so dependent on it that they would start driving changes in Earth’s climate a century later!Īgain in Glasgow, in 2021, the UK Prime Minister Boris Johnson termed Watt’s invention as ‘the doomsday machine’ during his opening speech at the ongoing COP26 summit. About 250 years ago, James Watt, a Scottish engineer, heralded the Industrial revolution by inventing an instrumental machine steam engine in Glasgow, United Kingdom. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |