The world is not on track to limit the increase of temperature within 1.5 degree Celsius to avoid climate change catastrophe because there is not enough action.
The science shows clearly that in order to avert the worst impacts of climate change and preserve a livable planet, global temperature increase needs to be limited to 1.5°C above pre-industrial levels. Currently, the Earth is already about 1.1°C warmer than it was in the late 1800s, and emissions continue to rise. To keep global warming to no more than 1.5°C – as called for in the Paris Agreement – emissions need to be reduced by 45% by 2030 and reach net zero by 2050.
The Glasgow Climate Pact, which nearly 200 countries agreed to adopt which was a major outcome of COP26. It calls on countries to phase-out the use of unabated coal power and inefficient fossil fuel subsidies, as well as to accelerate the development, deployment and dissemination of green technologies.
Negotiators finalized the Paris rulebook for a regulated carbon market. This rulebook provides clarity and transparency on how to take climate action.
Countries reached agreement on establishing a fund to compensate vulnerable nations for 'loss and damage' from climate-induced disasters.