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01 COP26 Explained: The Official Goals
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Mitigation, Adaptation, Finance — the official goals of COP26. Together with our climate researchers and environmental experts, we've been diving into these matters. Watch the videos below and stay tuned for more!
Mitigation Explained — World leaders have been negotiating carbon pricing and emission reductions during COP26. One issue is that until now it's basically been for free to emit carbon dioxide due to subsidies. So, in order for carbon taxes to actually have a purpose, subsidies need to be removed (or at least reduced). Watch climate researchers Åsa Löfgren and Sverker Jagers explain the complexity below and learn more about countries' pledge to reduce emissions here.
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On Carbon Pricing and Emission Reductions
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Adaptation Explained — There's no way back, climate change is irreversible. Adapting to it will cost us all. This is where rich countries need to be held accountable and support the poorer and most vulnerable ones who have been the hardest hit by the effects of climate change.
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Adapting to Irreversible Change
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Finance Explained — $100 billion per year to adapt to a new climate. But who pays for it and how do we allocate it in a fair way? There's no question about rich countries carrying the responsibility for climate change whereas the most vulnerable and poorest ones have contributed the least to the problem, and are still suffering the most. Learn more about the challenges of reaching an agreement below and read Åsa's reflections on Finance Day here.
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Paying for the Necessary Adaptation
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There are a few days left of COP26 so we checked in with Åsa and Sverker to get a first temperature check whether world leaders have set the ambitions high enough for us to turn this ship around. This is what they said:
"A 'simple and quick' answer is that despite some positive signals and a number of agreements and declarations (non-binding though), we still have a long way to get to actual decisions that would lead to reaching the 2050 goal*. The problem is that we need to go through an unprecedented transformation within the next ten years and reduce greenhouse gas emissions by around 40%. While many countries have set the net-zero targets by 2050, there are very few actual decisions in place that will effect any kind of change until 2030"
*By 2050 the whole world needs to be carbon-neutral — an economy with net-zero greenhouse gas emissions.
We do still have the ability to change things! Scroll down to learn more about our next Tomorrow Club where we'll be talking more about real action and impact.
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02 Post-COP26 — New Rules, New Mindset, New Economy
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We are excited to announce our 5th Tomorrow Club together with Åsa Löfgren and Sverker Jagers happening on Nov 24th at 4.30 pm CET. Join us to get actionable insights, unpack what happened at COP26, and how leaders and organisations can create real impact and thrive in this new net-zero economy.
To make sure everyone can join, we will be live-streaming the open moderated discussion from our office and will be able to offer a number of limited spots to those who want to join us here in Hammarby Sjöstad (as always, there will be pizza and drinks afterwards).
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Until next time, stay safe and stay curious!
/ Linnéa & Team Another Tomorrow
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