According to the UN the developing countries, many of which are deeply indebted following the Covid-19 crisis, must be the focus of the Cop26 summit if the UK hopes to make it a success.
A sense of recognizing their challenges at this time is highly crucial according to Achim Steiner, executive director of the UN development program for developing nations. They don’t need to be told how essential climate change is or that everyone needs to do more. They are under extreme duress as a result of the pandemic, economic stagnation, and rising poverty rates. It is vital for the United Kingdom to be able to repeat the genuine and valid concerns expressed by developing countries.
Failure by the UK hosts to acknowledge these concerns could result in a breakdown. The importance of inclusivity cannot be overstated. Some countries believe they were promised financial assistance, but it has yet to arrive. Being aware of certain sensitivities is an important part of being well prepared.
More than 25,000 delegates, including more than 120 heads of state, are scheduled to attend Cop26, which begins on Sunday in Glasgow.
The talks focused on poor countries’ concerns about access to finance and other forms of aid. Accelerating a climate implementation plan necessitates additional funding, which is difficult to come by. Green transitions can help the world recover faster from the Covid-19 crisis by providing jobs, but the world still needs capital to invest, whether private, public, or concessional.
At least 60 of the world’s poorest countries are in economic turmoil, which could lead to default or a debt crisis, wreaking havoc on their economies and people’s well-being.
Poor countries were promised $100 billion (£730 billion) every year by 2020 in 2009, but this goal has yet to be met, despite new research indicating that it can be met by 2023. In the middle of a trillion-dollar emergency pandemic response, it’s hard for many developing countries to believe that a promise made in 2009 and repeated in 2015 has yet to be fulfilled.
The meeting could not be called a “total failure” because many countries have already announced plans to significantly reduce greenhouse gas emissions, but it could disappoint if additional plans are inadequate and developing countries are not given the assurances they require.
Taking the sheer amount of investment is focused on renewable energy and green transitions, as well as the announcements being made by the EU, the US, Japan, and China, the world is really in a stronger position on speeding climate action than it was before the pandemic.
However, there was still a chance that the beneficial steps would be too late to prevent dangerously high temperatures. Some of these announcements would have been revolutionary five years ago. Now that the world’s backs are against the wall and the clock is ticking, nothing will suffice.
The UK, as host, would hold the key to success or failure, according to Steiner, since it could either cultivate a good climate of unity and productive debate or lose control of the complex process, which involves 197 countries.