The Conference of Parties (COP) is the decision-making body responsible for monitoring and reviewing UNFCCC recommendations on global warming and climate change.reviewing UNFCCC recommendations on global warming and climate change.
Last 25 COPs since 1995, have failed to limit the Global Warming.
The Global Leadership is yet to provide a clear direction for mitigating Climate Change impacts.
COP-26 starting from 31 Oct 2021 could be the last chance for Humanity to avoid catastrophic decline.
The Main themes of COP 26:
- Limiting warming to 1.5 degrees
- Global emissions must halve by 2030
- Globally reach ‘net-zero’ by 2050
- Mobilize Climate Finance
COP 21 at Paris in 2015 saw over 195 countries pledging NDCs to reduce CO2 emissions, But post- pandemic Economic recovery is seeing large rebound to Coal & Oil use with 2nd largest annual increase in CO2 emissions in the History
Will COP 26 be hijacked by finance issues, without committing emission reductions?
Taken from: CCP New Bulletin October 2021 https://www.climatecollectivepune.org/
1) Create a financing mechanism for addressing loss and damage.At a bare minimum, COP 27 should kickstart a process to formalize funding arrangements to respond to loss and damage under the UNFCCC.
2) Scale up support for adaptation. At COP27, developed countries must also specify how they will ensure this finance reaches those who need it most. This will mean committing more finance for locally led adaptation, ensuring local people and organizations who are often disproportionately vulnerable to climate impacts have a say in investment decisions and can access the funding and other resources they need to build resilience. The Glasgow-Sharm el-Sheikh work program (GlaSS) on the Global Goal on Adaptation could also establish common definitions of “local” and “locally led,” formally recognize the Principles for Locally Led Adaptation, and ensure local communities and organizations can participate in discussions around the global goal.
3) Strengthen national emissions-reduction targets. So far, only 23 countries have come forward with new or updated NDCs since COP26. These targets need to be backed by policies — and crucially, investment — to turn them into action.
4) Assure that the $100 billion climate finance promise will be met and move forward on new commitments.
5) Advance the Global Stocktake to set the pace for climate action. Global Stocktake, a process conducted every five years to assess collective progress toward the Agreement’s long-term goals. This year, new and innovative formats of the Global Stocktake — including a world café set of discussions — allowed for interesting conversations amongst countries, experts and non-state actors. ..it is essential that the outcome from the Global Stocktake is politically relevant and not just an information-sharing exercise coupled with vague, unactionable recommendations.
6) Convert the treasure trove of Glasgow climate commitments into action.At COP27, those who have previously announced ambitious pledges or joined initiatives should address progress to date and disclose any barriers. Governments, especially, must demonstrate where they have and have not made progress. High-Level Expert Group on Net-zero Emissions from non-state actors to identify strong, clear standards for the growing number of pledges to reach net-zero emissions. This group has been consulting with a wide range of stakeholders, including on how to define net-zero, governance of targets, alignment with shorter-term targets, and just transition plans, among other topics.
The Intergovernmental Panel on Climate Change –IPCC- has issued its direst warning of all-time: “Climate breakdown is accelerating rapidly.” Additionally, they readily admit to overly conservative predictions: “Many impacts will be more severe than originally predicted.” (Source: The Intergovernmental Panel on Climate Change, Working Group II Sixth Assessment Report, 2022)
Already, the IPCC warning contains a long list of potential horror stories, especially if global temperatures are allowed to exceed 1.5C pre-industrial versus 1.2C today from (1) shortages of food and water owing to climate change, and even at current levels of temperatures, (2) to mass die-offs of species, including die-offs of trees and corals, (3) as key ecosystems, like rainforests, lose carbon sink capacity, becoming sources of carbon emissions directly into the atmosphere in concert with cars, trains, planes, and cows in a powerhouse CO2-fest. Under those circumstances Earth’s innate beauty becomes unrecognizable.
by Robert Hunziker
UN-Backed Banker Alliance Announces “Green” Plan to Transform the Global Financial System https://unlimitedhangout.com/2021/11/investigative-reports/un-backed-banker-alliance-announces-green-plan-to-transform-the-global-financial-system/ BY WHITNEY WEBB NOVEMBER 5, 2021
The most powerful private financial interests in the world, under the cover of COP26, have developed a plan to transform the global financial system by fusing with institutions like the World Bank and using them to further erode national sovereignty in the developing world.
This alliance, called the Glasgow Financial Alliance for Net Zero (GFANZ) .. At the time of the alliance’s launch, UK prime minister Boris Johnson described GFANZ as “uniting the world’s banks and financial institutions behind the global transition to net zero,” while John Kerry noted that “the largest financial players in the world recognize energy transition represents a vast commercial opportunity.”
Its inaugural teport: The Glasgow Financial Alliance for Net Zero: Our Progress and Plan towards a net zero global economy, https://unlimitedhangout.com/wp-content/uploads/2021/11/GFANZ-Progress-Report.pdf (5 nov. 2021) proposes “country platform”, a mechanism that convenes and aligns “stakeholders,” that is, a mechanism for public-private partnership/stakeholder capitalism, “around a specific issue or geography.”
Iain Davis, (https://soundcloud.com/unlimited-hangout/the-global-public-private-partnership-with-iain-davis 28/10/21)) says these “stakeholder capitalism” mechanism models, despite being presented as offering a “more responsible” form of capitalism, allow corporations and private entities to participate in forming the regulations that govern their own markets and giving them a greatly increased role in political decision making by placing them on an equal footing with national governments. It is essentially a creative way of marketing “corporatism,” the definition of fascism infamously supplied by Italian dictator Benito Mussolini.
GFANZ aims to also further “corporatize” multilateral development banks (MDBs) and development finance institutions (DFIs) in order to better fulfill the investment goals of alliance members.
The report explicitly states that MDBs should be used to prompt developing nations “to create the right high-level, cross-cutting enabling environments” for alliance members’ investments in those nations. The significantly greater levels of private-capital investment, which are needed to reach net zero per GFANZ, require that MDBs are used to prompt developing nations to “establish investment-friendly business environments; a replicable framework for deploying private capital investments; and pipelines of bankable investment opportunities.” GFANZ then notes that “private capital and investment will flow to these projects if governments and policymakers create the appropriate conditions,” that is, enable environments for private-sector investments.
GFANZ’s proposed plans to reimagine MDBs are particularly alarming given how leaked US military documents show that such banks are considered to be essentially “financial weapons” that have been used as “financial instruments and diplomatic instruments of US national power” as well as instruments of what those same documents refer to as the “current global governance system” that are used to force developing countries to adopt policies they otherwise would not.
https://www.mintpressnews.com/leaked-wikileaks-doc-reveals-how-us-military-uses-of-imf-world-bank-as-unconventional-weapons/254708/ the U.S. government applies “unilateral and indirect financial power through persuasive influence to international and domestic financial institutions regarding availability and terms of loans, grants, or other financial assistance to foreign state and nonstate actors,”..
As a consequence of the lopsided influence of the U.S. on these institutions’ behavior, these organizations have used their loans and grants to “trap” nations in debt and have imposed “structural adjustment” programs on these debt-saddled governments that result in the mass privatization of state assets, deregulation, and austerity that routinely benefit foreign corporations over local economies. Frequently, these very institutions – by pressuring countries to deregulate their financial sector and through corrupt dealings with state actors – bring about the very economic problems that they then swoop in to “fix.”
Vijay Prashard, Tricontinental: Institute for Social Research at - COP26 Coalition People's Summit, OUR TIME IS NOW #3
Every monument of civlisation is also a symbol of barbarism. Colonial mind set in Climate Change Negotiations, and climate justice movement is not clued in on this.. when you dont have we think of the present in developing countries..
Who is going to fund the transition? What does the transition look like: ? Do we want to modernise capitalism? Is that what the game is? The big corporations would like public finance to underwrite their transition.
It is not a question of funding alone. It is a question of acknowledging It is also a question of technology. Patents is a way of collecting rent from our distress, not only from COVID but also from Climate Change.
When we talk about climate finance, 16 trillion dollars were created to underwrite corporate losses during the pandemic. . But they cant find 100 billion dollars, a year for the climate fund. Creat a new open source patent regime.
What role do we play? Movement building? Do all movements have to look the same? We have to build a rich body of movements .
Does the climate justice movement see the farmers movement in India as part of its movement? that is the question for us. Linked to that is the question of hunger.
The struggle against war! Is that not part of the climate movement? The largest institutional polluter is the Military.
Do not expect us to mimic what you are doing? Look at the movements there and exisitng for justice to transform the world.
Six demands could be the difference between small island states thriving or being submerged by rising sea levels https://www.facebook.com/commonwealthorg/posts/4728411437223798
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