*[Enwl-eng] Vladimir, here is the latest #COP26 news from the High-level Climate Champions!
ENWL
enwl.bellona at gmail.com
Sun Nov 7 02:10:30 MSK 2021
UN Global Climate Action
6 November 2021
COP 26
Public Empowerment and Nature Days in Review
Friday, 5 November, and Saturday, 6 November, saw civil society provide a strong public call for a rapid transition, and action towards halting and reversing nature loss by 2030.
Public empowerment, oceans and water resilience
Youth and parents stepped up calls for countries to protect and better manage the oceans and water and end fossil fuels finance. Find more in-depth news here.
Taking stock:
a.. The investment case for high-emitting infrastructure is rapidly collapsing, with all major sectors on the verge of rolling out cheaper or cost-competitive green and resilient solutions, according to Systemiq’s Paris Effect - COP26 edition report released today. The report tracks developments across sectors covering 90% of global emissions in 2015-2021.
a.. After the first week of COP26, government commitments amount to closing the emissions gap for 1.5°C of warming by around 9 gigatonnes per year (if fulfilled) - leaving around 13Gt to go, according to new analysis by the Energy Transition Commission. The leaders’ declaration this week to protect forests and transition to sustainable land use would account for the biggest chunk of that reduction - 3.5Gt.
Public empowerment:
a.. Over 2,500 young people called for the protection of water and wetlands through two campaigns led by the World Youth Parliament for Water and the Young Wetland Ambassadors.
a.. Representatives from YOUNGO, the UNFCCC’s official children and youth constituency, met COP26 President Alok Sharma, UNFCCC Executive Secretary Patricia Espinosa, UN High Level Climate Champion Nigel Topping and others to discuss the Global Youth Statement signed by 40,000, urging politicians to set policy frameworks across 15 areas of climate action, resilience and adaptation.
a.. Representing the biggest parent mobilization in history, a delegation of mothers met COP26 President Sharma on Friday and handed him a letter addressed to heads of state on behalf of over 500 parent groups around the world, urging them to end financing for all new fossil fuels to protect their childrens’ health.
Oceans & Water Resilience:
a.. Three separate declarations from across society have called for greater support and protection for the ocean. In the first, youth voices advocated for a Global Blue New Deal, recognizing the role the ocean plays in regulating the climate; providing food, oxygen and ecosystem services; and supporting over 250 million livelihoods.
a.. In the second - the Ocean for Climate Declaration - more than 100 local and international public and private sector actors called on governments and businesses to scale up ocean-based climate solutions and action. They include local communities, UN organizations, NGOs, businesses and scientific institutions.
a.. In the third, 16 countries have signed the Because the Ocean declaration since it launched on Monday, pledging to tackle shipping emissions, develop clean ocean renewable energy and advocate for stronger public and private support for oceans.
a.. A fresh US$145 million is going to the Global Funds for Coral Reefs, including $125 million from the UN’s Green Climate Fund. This will help small island states protect and restore coral reefs, build coastal resilience and adapt to the impacts of climate change.
a.. Public and private financial institutions committed nearly $13 million of new investment in the Ocean Risk and Resilience Action Alliance, which pioneers finance and insurance products that incentivize investment into nature-based solutions in coastal and marine areas.
a.. The Great Blue Wall initiative, launching next week, will champion an Africa-led 2030 roadmap to conserve and restore marine and coastal biodiversity, while building the resilience of coastal communities and unlocking the development of a regenerative blue economy that benefits at least 70 million people.
a.. The International Water Association, Aguas Andinas and CDP came together to launch a new water sector initiative - 50 to 1 billion - in which the 50 largest water utilities will accelerate work to build resilient water supplies and wastewater services for more than 1.2 billion people by 2030.
a.. A series of new water programmes announced at COP26 will bring water, climate, economic development, human health, ecosystem restoration and poverty reduction under the same roof. Among them, the Resilient Water Accelerator aims to boost water security for 30 climate hotspots by 2030 and the Urban Water Resilience Initiative aims to develop water action plans in 25 African cities.
a.. The Network for Greening the Financial System and CDP came together at COP26 to explore how transparency can shift the global financial system towards a water secure, resilient world and announce the first disclosure mechanism to catalyze this shift.
a.. Latin America and the Caribbean received their first blue bond - with IDB Invest issuing an A$50 million, 10-year fixed rate bond. The proceeds will support projects that expand clean water and sanitation for people in the region.
a.. The water sector hit a breakthrough in ambition towards halving emissions by 2030, with major companies responsible for 20% of global water supply now part of the UN-backed Race to Zero campaign.
Nature and Land Use
Halting and reversing nature loss by 2030 is a requirement for net-zero by 2050. Find more in-depth news here.
a.. The financial sector has stepped up to protect forests, with 33 major financial institutions with US$8.7 trillion in assets under management this week committing to phase deforestation driven by agricultural commodities out of their commodity portfolios by 2025.
a.. Recognizing their central stewardship over forests and nature, $1.7 billion of financing is going to support Indigenous Peoples and Local Communities from 2021 to 2025, pledged from two dozen countries and foundations. The aim is to advance forest tenure rights and recognition of their role as guardians of forests and nature.
a.. A new nature-based solutions online investment platform pilot, launched by Capital for Climate, will act as a guidance system to help institutional investors understand why and how to approach allocation of their capital towards nature-based solutions to climate change. This is likely to be of particular interest to investors that have committed to reach net-zero emissions before 2050, including the more than 400 financial institutions with over $130 trillion in assets under management that are members of the Glasgow Financial Alliance for Net Zero.
a.. The Forest Agriculture Commodity Trade (FACT) Dialogue, chaired by the UK and Indonesia, unveiled a roadmap at COP26 identifying four areas of work for trade and market development, smallholder support, traceability and transparency, and research, development and innovation. The dialogue brought together 28 of the largest consumer and producer countries of beef, soy, cocoa and palm oil.
a.. Nearly 100 corporations talked about their commitments to halting and reversing the decline of nature and getting nature positive by 2030 - as part of a growing movement of companies joining Science Based Target for Nature. Luxury fashion brand and Race to Zero member Burberry also announced a strategy today to protect, restore and regenerate nature, including by expanding support for farming communities.
a.. The Good Food Finance Network released a list of 14 tools, strategies and policies where innovation can drive finance towards healthy, sustainable food systems - from new ways of measuring finance and assessing land value, to tax and debt relief. This will be followed by finance mobilization in early 2022.
a.. The Regen10 Coalition, launched this week, aims to boost regenerative and resilient food systems so that by 2030 half the global food production is made in a way that benefits people and the planet, and places farmers at the heart of the transition.
a.. The UK COP26 presidency launched an action agenda for the transition to sustainable agriculture for healthy diets and resilient livelihoods. The agenda focuses on actions and investment through public policies, research and innovation needed to cut CO2, reverse nature loss and build resilience in agriculture and food systems.
a.. The UNFCCC’s Global Climate Action Portal re-launched today with new metrics on tracking progress of commitments made by states and regions, cities, businesses, investors and international cooperative initiatives. The changes were developed in partnership with the Camda analytical community in response to a COP 25 mandate from countries to start tracking voluntary climate action work.
a.. At the halfway point through the COP and having convened the Energy, Finance, Oceans and Coastal Zones and Water action events, the Marrakech Partnership events are one of the most popular in the Action Zone in-person and through the online platform. Full programme and agenda for next week can be found here.
More News from the High-Level Champions
a.. Dr. Sylvia Earle: It’s going to take all of us to save the ocean
b.. Project Drawdown: The ocean is too powerful to omit in the climate conversation
c.. Opinion: It’s time to listen to the science, face the music and accept that all fossil fuels’ days are numbered
d.. Youth of Africa: We urge you not to neglect the ocean
e.. Global Blue New Deal: Youth voices unite in call for ocean and climate action
f.. 280 sports organisations commit to align sport with Paris Agreement goals
g.. “You wouldn’t build a wardrobe without reading the manual, so why expect everyone to solve the climate and nature crisis without understanding it?”
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From: Global Climate Action
Sent: Sunday, November 07, 2021 1:52 AM
Subject: Vladimir, here is the latest #COP26 news from the High-level Climate Champions!
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