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The moment of truth for global climate policy has arrived at the COP26 climate conference that has ended today

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The countries of the world have managed to agree to send a strong and clear signal to step up efforts to limit global warming to 1,5 degrees. Finally, the remaining parts of the regulations of the Paris Agreement were finally agreed, which include the principles of cooperation in the field of emission reduction.

We need an even faster transition to renewable energy and technology

– The Glasgow Climate Summit took us a big step in the right direction. The world's countries agree that we must strengthen our efforts to achieve the 1,5 degree target. We need an even faster transition to renewable energy and technology to benefit all areas of society. Along the way, the world must phase out coal and stop relying on fossil subsidies. We all have a collective responsibility to contribute to ensuring a viable climate for the future. At the same time, we will support the ability of poor countries to cope with and combat climate change, says the Minister of Climate and Environment Espen Barth Eide.

The moment of truth for global climate policy at the COP26 climate conference that has ended today

Among the most important issues discussed in Glasgow were increased climate ambition to reduce emissions, climate financing and cooperation on adaptation to climate change. Another main topic was the completion of the regulations resulting from the Paris Agreement.

Now the countries of the world must live up to their obligations and turn words into action

– Countries' climate ambitions are still not enough to achieve the 1,5 degree target, but we are closer and the world has received clear instructions. Now the countries of the world must fulfill their commitments and turn words into action. This means in particular reduced greenhouse gas emissions and increased financial support for climate change adaptation and emissions reductions in poor countries, says Espen Barth Eide.

The Paris Agreement Rulebook is now ready

Climate and Environment Minister Espen Barth Eide and his colleague from Singapore, Grace Fu, helped bring the land-based buying and selling laws to reduce emissions between countries. In fact, it should have been resolved already in Katowice in 2018, but it has not been resolved there or in Madrid the following year. Agreement was also reached on measurement and reporting tables and rules for a common timeframe for countries' climate goals. This means that the set of rules of the Paris Agreement is now ready.

- It's good for the climate and good for confidence in the Paris Agreement. The countries of the world have now agreed on a set of rules governing the buying and selling of emission reductions between countries, says Espen Barth Eide.

COP26 climate conference

During the fourteen days of climate negotiations in Glasgow, some important news was released. Among them is that more than 100 countries have committed to halting forest loss by 2030. 12 donor countries, including Norway, announced they will spend $ 12 billion, equivalent to NOK 105 billion, for the protection and restoration of rainforests between 2021 and 2025. Increased cooperation between China and the United States on climate change has been also the positive message of this climate summit.

The moment of truth for global climate policy

More than 100 countries, including Norway, will join forces to reduce global methane emissions by 2030 percent by 30. Methane has a 28 times greater impact on the atmosphere than the greenhouse gas CO2, and methane emissions have already contributed 0,5 degrees warming.

Norway also signed a declaration that children and young people will play a clearer role in global work to reduce global warming. It is, above all, their future, for which this battle is being fought, says the Minister of Climate and Environment.

Photo: Martin Lerberg Fossum. The deal came to fruition: the Norwegian delegation claps during the Glasgow climate negotiations, COP 26.

Source: regjeringen

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