Despite what some people might think, the climate crisis is real and won’t go away by itself. The UN Climate Change Conference has been and gone — has anything changed? Yes and no.
The most impactful actions at COP26 point to progress on climate change – UN News
Ms. Donlon noted that the pact calls for a phase down of coal and a phase out of fossil fuel subsidies, “two key issues that had never been explicitly mentioned in a decision at climate talks before – despite coal, oil and gas being the key drivers of global warming”. According to the UN official, Glasgow signaled “an accelerated shift away from fossil fuels and towards renewable energy”.
Most City investors could not care less about ESG and sustainability – City A.M.
With COP26 only weeks behind us, more than half of UK investors admit sustainable investing is not a priority for them, with just under 45 per cent saying it is important and it is a priority in their investment portfolio. In fact, less than a third of British investors say COP26 and the UK government’s stance on climate change have accelerated their ESG investment plans to pump capital into sustainable assets.
The crisis continues, however.
New Delhi’s air turns toxic, and the finger-pointing begins – The New York Times
The airborne murk and the towers stand as symbols of India’s deep political dysfunction. The choking pollution has become an annual phenomenon, and the country’s scientists can accurately predict the worst days. But deep partisanship and official intransigence have hindered steps that could help clear the air. […]
Broadly, India’s air quality suffers from its appetite for fossil fuels, which has only grown after two decades of rapid economic growth. Last year, India was home to 15 of the 20 cities with the most hazardous air globally, and health experts have detailed how such conditions can lead to brain damage, respiratory problems and early death.
Here’s a different take on the move to electric cars (complete with an unexpected reference to my sister’s favourite 80s boy band).
Norway is running out of gas-guzzling cars to tax – WIRED UK
When it comes to sales of electric cars, Norway is in a league of its own. In September, battery-powered electric vehicles accounted for 77.5 percent of all new cars sold. That figure makes Norway a world leader by a long way—leapfrogging over the UK, where 15 percent of new car sales were electric as of October, and the US, where that number is just 2.6 percent. Norway’s electric dream has been credited to a series of tax breaks and other financial carrots that mean brands like Tesla can compete on price with combustion engines. But these incentives—and their success—have created a unique predicament: Norway is running out of dirty cars to tax.
Lots to unpack from COP26. Will subsequent generations see it as a decisive moment? It’s interesting to see how various aspects of the Climate Pact were strengthened and weakened through the first, second, third and final drafts.
Will the Glasgow climate pact curb emissions — or is it doomed for failure? – Wake Up To Politics
Like the Montreal pact [the 1987 treaty that targeted substances responsible for degradation of the ozone layer], the Glasgow agreement also acknowledged these varying degrees of responsibility — but it did not provide any sort of financial incentive to follow reductions of greenhouse gas emissions. The Montreal agreement was also made stronger because of the nature of the problem it addressed: with a focus on a specific type of emissions, it was easy to ensure adherence to the protocol with transfers. The Glasgow summit’s target — climate change caused by greenhouse gas emissions — is much broader, and therefore harder to mitigate.
6 essential numbers to understand the Glasgow Climate Pact – WIRED UK
A noteworthy breakthrough at COP26 was the pledge from Scotland to give £2 million ($2.7 million) to vulnerable countries for loss and damage caused by the climate crisis. No developed country has ever offered up such money before, so while the amount is small in terms of the actual cash on offer, it is significant in terms of its politics.
Loss and damage refers to the harms done by climate change which can no longer simply be adapted to, such as climate migration due to droughts or island territory lost to rising sea levels. The Paris Agreement acknowledges it as an issue, but rich countries have been extremely hesitant to offer up any kind of finance for it, including at COP26.
So Scottish first minister Nicola Sturgeon’s comments last week that “the rich developed industrialized countries that have caused climate change … have a responsibility to step up, recognize that and address it” were a surprise breakthrough. Her use of the words “reparation” and “debt” in this context are also significant, considering the huge resistance from many developed countries, especially the US, to use this kind of language.
That line above, “island territory lost to rising sea levels,” can seem a little abstract from where I’m sitting. But it must be terrifying for those in the thick of it.
To hell with drowning – The Atlantic
In my corner, Micronesia, the facts are frightening. We are seeing a rate of sea-level rise two to three times the global average. Some scientists theorize that most of our low-lying coral-atoll nations may become uninhabitable as early as 2030. Faced with the prospect of climate-induced relocation, some leaders have contemplated buying land in other countries in anticipation of having to move some or all of their people.
Tuvalu looking at legal ways to be a state if it is submerged – Reuters
“We’re actually imagining a worst-case scenario where we are forced to relocate or our lands are submerged,” the minister, Simon Kofe, told Reuters in an interview. “We’re looking at legal avenues where we can retain our ownership of our maritime zones, retain our recognition as a state under international law. So those are steps that we are taking, looking into the future,” he said.
Twenty photographs of the week – The Guardian
Bangkok, Thailand. Residents sit on the doorsteps of their flooded home as water from the Chao Praya river floods low lying areas around the district of Bang Phlat. […]
Chennai, India. People wade with their bicycles through a waterlogged road during incessant heavy rains in Chennai. According to the intergovernmental panel on climate change, major coastal cities like Mumbai, Kochi, Visakhapatnam and Chennai could go underwater by the end of the century.
Will we be seeing similar images next year, after COP27 in Egypt? And the year after, when the UAE hosts COP28?