Make Nexus Hot News part of your morning: click here to subscribe.November 15, 2021
COP26 Ends The 26th meeting of the UN climate talks was finally gavelled on Saturday evening in Glasgow, after more than two weeks of intense negotiations. The Glasgow Climate Pact secured a 2023 timeline for countries to resubmit their national emissions-reduction targets to be more aligned with 1.5°C (2.7°F) of warming
, and made an unprecedented mention of fossil fuels
and recognition of the need for Just Transition
.
Agreement was also reached on carbon markets, with major loopholes closed but still susceptible to bad-faith actors
.
The
U.S., 🦖🐍 EU, 🦕 Australia, and other
wealthy nations
blocked the creation of a
fund to compensate vulnerable nations for irreparable loss and damage caused by climate change, tabling it for more discussion next year at COP27
, but the issue — long a priority for developing low-emitting nations, some literally disappearing beneath rising seas, least culpable for the climate crisis — got more attention at COP26 than at previous UN talks.