Post COP26 Analysis: A Focus on Finance

Climate finance remains an unresolved issue following COP26, little ground was made during negotiations on Loss & Damage and the $100 billion adaptation finance promised by developed countries over a decade ago; Private financiers emerged as a willing funding source for sustainability programmes, with both philanthropists and major companies expressing an interest in addressing gaps in climate finance; The Glasgow Climate Pact recommended a scaling back of fossil fuel subsidies, but many nations have already found loopholes to keep fossil fuels within their energy portfolios.

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Post COP26 Analysis: A Focus on Youth

COP26 failed to ensure substantial participation and representation of young people in decision-making spacesThe Glasgow Climate Pact does include many references to meaningful youth engagement in international climate negotiations, reflecting the Youth4Climate Manifesto and the COY16 Statement.The Youth4Climate event will occur every year before COP, called “Forever Youth4Climate”.

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What Is The Glasgow Climate Pact?

The most high-profile commitment of the Glasgow Climate Pact was the promise to ‘phasedown’ coal use - rather than to phase it out. However, the pact did mark the first time in the UN climate process that the Parties recognised the need to rapidly reduce coal The Glasgow Climate Pact promised progress on finance, adaptation, Article 6, and employed strong language supporting the scientific consensus on climate change. Loss and damage and nature and biodiversity received far fewer concrete commitments in the final draft.

Post COP26 Analysis: A Focus on Gender

80% of people displaced by climate impacts are women and girls, yet only 33% of negotiators at COP26 were women. In order to address the gap in gender-focused climate finance, the UK pledged £165 million towards projects which address gender inequality in climate through the empowering of women. Education for girls is central to addressing gender inequality and combating the climate crisis

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What Is The Green Climate Fund?

The GCF is a UN body and the world’s largest climate fund, dedicated to investing in mitigation and adaptation efforts in developing countries. The fund has had many successes, including in projects relating to the Great Green Wall and the pandemic recovery. The GCF’s work has also been criticised, however, for lacking transparency, focusing too heavily on mitigation and failing to engage with minority communities.

Categories COP26