The 26th UN Climate Change Conference of the Parties, or COP26 for short, took place from November 1st to 12th, 2021, in Glasgow, Scotland. The conference was one of the largest global events on climate change and brought together delegates from nearly 200 countries around the world to discuss the latest developments on climate action.

After two weeks of intense negotiations, the parties finally reached a final agreement, known as the Glasgow Climate Pact. The agreement is aimed at accelerating global efforts to tackle climate change and implementing the goals of the Paris Agreement, which was signed in 2015.

The Glasgow Climate Pact contains several key commitments that address the urgent need to reduce greenhouse gas emissions and limit global warming to 1.5 degrees Celsius above pre-industrial levels. These include:

1. Strengthening nationally determined contributions (NDCs) – All parties are required to submit updated and more ambitious NDCs by the end of 2022, which will be assessed in a global stocktake in 2023.

2. Financing climate action – Developed countries have pledged to mobilize $100 billion per year in climate finance to support developing countries in their efforts to tackle climate change. There is also a commitment to increase the level of financing in the years ahead.

3. Phasing out coal – The pact calls for a global phase-out of unabated coal power and a transition to clean energy sources. A new initiative, the Energy Transition Council, will be established to support countries in this transition.

4. Protecting nature – Parties agreed to increase their efforts to protect and restore forests, and to protect and enhance biodiversity.

5. Addressing loss and damage – The pact recognizes the importance of addressing loss and damage associated with the impacts of climate change.

The Glasgow Climate Pact is being hailed as a significant achievement in the fight against climate change. However, many experts warn that more needs to be done to address the urgency of the climate crisis. The current commitments fall short of what is needed to limit global warming to 1.5 degrees Celsius, and further action is required to close this gap.

In conclusion, the Glasgow Climate Pact represents a crucial step forward in global efforts to tackle climate change. It provides a framework for addressing the urgent need to reduce greenhouse gas emissions and limit global warming. However, the level of ambition needs to be increased in order to meet the goals of the Paris Agreement and avoid the worst impacts of climate change.