COP26: The order of our times

It’s a make-or-break moment for the world. Today, when leaders gather in Glasgow, Scotland, for the 26th conference of the parties (COP26) to the UN Framework Convention on Climate Change (UNFCCC), they meet with the recognition that time has run out. Science has already spoken about the dire emergency that stares us in the face; the UN chief has sounded “Code Red for humanity”, based on the findings of climate scientists. But we no longer need scientists to tell us this. We can see the devastation in our world — every day there is news about another region that has faced an extreme weather catastrophe.

COP 26 — delayed by a year due to Covid-19 — has the task to rework its own agenda and functioning. Over the past few decades, climate negotiations have been ossified to such an extent that they have kind of lost their purpose. A myriad of committees, institutions, and funds have been set up purportedly to manage climate change — but this maze is just full of papers and wordage.

COP26’s top agenda should be to reclaim its leadership and voice to rebuild the trust of people — both rich and poor. This means making the agenda for action clearer and much more focused on what needs to be done — now, not even tomorrow.

First, there is a desperate need to front-load action on mitigation — to plan for 2030, and to ensure that China, which will occupy 30 per cent of the already shrunk carbon budget between 2020 and 2030, is in the spotlight. China is yesterday’s USA and it is important to speak truth to this power. Then there is a need to discuss the remaining carbon budget, necessary to limit the temperature rise to 1.5°C, and how it should be allocated — not just appropriated.
 

We cannot have an ambitious agreement unless it is equitable. So, COP26 must not repeat the mistakes of the past by trying to erase equity and climate justice. Roughly 70 per cent of the world need to exercise their right to development and in the process will exceed the available budget. This means, all will be at risk in an interdependent world.

We know countries like India must not make the same mistakes that the already rich have made. The world needs to secure pathways for low-carbon growth and to pay for this transformation in the still developing world. Finger-pointing and shaming the emerging world for future and inevitable emissions will cut no ice with them. At COP26, we need to confront the reality of this inequity and ensure that it is addressed.

Third is the agenda of “how” this will happen. Availability of finance must be made transparent and measurable — it will help overcome the trust deficit. So, it is not just the scale of finance that has to be discussed and agreed upon, its rules must also be made so that this fund transfer can be counted and verified.

The “how” agenda is also connected to the discussions on markets — Article 6 of the Paris Agreement — which is on the table at COP26. The current effort is to find smart and cheap ways to build a market instrument that will reduce the cost of carbon purchase from the developing world. A repeat of the complicated, convoluted, and cheap Clean Development Mechanism (CDM) must not be allowed again. Instead, the market should be used for transformational action so that projects that will bring “big bang” carbon reductions can be paid through this instrument. The market must be driven by public policy and intent, and not left to discover new scams in the name of carbon offsets.

This is also where discussions on nature-based solutions must be firmly rooted. We must not miss the wood for the trees — literally in this case. There is an opportunity to use the ecological wealth of poor countries and communities for mitigation as trees and natural ecosystems sequester carbon dioxide. So, this should not be viewed as carbon sticks but as opportunities for livelihoods and the economic well-being of the poor. The rules for carbon offsets for forests must be developed with this in mind — deliberately and with statecraft.

All this then brings the world to the discussions on adaptation and loss and damage — completely lost in the multiplicity of institutions, committees, funds, and all without any money or impact in the real world. The elephant in the room (that we would like not to discuss) is finance — this is where the discussions must be on adaptation and on loss and damage. We do not need rocket science to calculate the crippling losses being suffered by countries and communities because of climate change-induced extreme weather events. This is why COP26 must not be lost to prevarication in negotiations and to pusillanimous leaders. Let’s hope that this COP stands out and is counted as different. It is the order of our times.

The writer is at the Centre for Science and Environment sunita@cseindia.org

Twitter: @sunitanar