CoP26 summit on methene emission

At the CoP26 summit, Leaders promise to limit methane emissions and safeguard forests.

CoP26 summit on methene emission: To help curb climate change, leaders at the CoP26 global climate summit in Glasgow vowed to halt deforestation by the end of the decade and reduce emissions of the strong greenhouse gas methane.

The inability of major powers to reach a wide agreement on rapid reductions in the use of fossil fuels, the primary source of man-made global warming, has agitated the poorer, smaller countries most likely to be affected.

“We are drowning, and our only chance is the life-ring you are holding,” Surangel Whipps Jr, president of Palau, a Pacific state of 500 low-lying islands threatened by increasing sea levels, said in an address to the leaders of the G20 industrial nations.

A senior Biden administration official said that over 90 nations had joined a US-led and EU-led plan to reduce methane emissions by 30% by 2030 from 2020 levels, ahead of a formal announcement on Tuesday.

Methane has a shorter lifetime in the atmosphere than carbon dioxide, but it has an 80-fold greater warming potential. One of the most effective strategies to limit climate change is to reduce CO2 emissions, which are thought to be responsible for 30% of global warming since pre-industrial times.

According to the US official, the World Methane Pledge, which was initially announced in September, now includes emissions from two-thirds of the global economy.

Brazil is one of the five largest emitters of methane, which is produced in cows’ digestive tracts, landfill waste, and oil and gas extraction, and will be among the signatories revealed on Tuesday. China, Russia, and India are the only countries that have not signed on, while Australia has stated that it would not support the pact.

According to the non-profit World Resources Institute, humanity has also increased greenhouse gas levels in the atmosphere by chopping down forests that absorb around 30% of carbon dioxide emissions.

Forests that have vanished

According to the Globe Resources Institute’s Global Forest Watch, the world will lose 258,000 square kilometres (100,000 square miles) of forest by 2020, an area greater than the United Kingdom. Every minute, 27 football fields of forest are destroyed, according to the WWF, a conservation organisation.

More than a hundred country leaders committed to halting and reversing deforestation and land degradation by the end of the decade, backed by $19 billion in public and private money to conserve and restore forests.

The pact significantly extends on a pledge made by 40 countries as part of the New York Declaration of Forests in 2014, and it guarantees greater funding.

“Let’s put an end to this big global chainsaw carnage by making conservation do what it does best: provide long-term, sustainable employment and growth,” British Prime Minister Boris Johnson said.

CoP26 aspires to maintain alive a dwindling objective of limiting global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) over pre-industrial levels in order to avoid even more harm from climate change’s amplified heatwaves, droughts, storms, floods, and coastal destruction.

Twelve nations agreed to donate $12 billion in public money to poor countries between 2021 and 2025 to help them rehabilitate damaged land and fight wildfires.

At least $7.2 billion will come from private investors with $8.7 trillion in assets under management, who have also agreed to refrain from investing in deforestation-related sectors such as livestock, palm oil and soybean farming, and pulp manufacture.

Brazil, which has removed enormous swaths of the Amazon rainforest, did announce a fresh vow on Monday to reduce greenhouse gas emissions by 50% by 2030, up from a previous target of 43%.

And, for the first time, Prime Minister Narendra Modi set a goal date for India, which is highly reliant on coal, to cut carbon emissions to a level it can absorb, but only in 2070, a decade later than the United Nations’ worldwide guideline.

‘It’s impossible to reach an agreement’

However, the world’s two greatest carbon polluters, China and the United States, who together account for more than 40% of global emissions yet disagree on several topics, have shown little sense of common resolution thus far.

China and Russia, the world’s largest oil producer, have been singled out by US President Joe Biden for failing to meet their climate commitments in Glasgow, while Beijing has rejected Washington’s efforts to divorce climate concerns from broader conflicts.

In an editorial published on Monday, the Communist Party-run Global Times claimed that Washington’s approach has made it “difficult for China to perceive any opportunity for honest dialogue amid the tensions.”

President Xi Jinping, who chose not to attend in person, was not allowed the option to deliver a video address and was forced to provide a written answer instead, in which he made no more guarantees.

The British government stated that it wanted individuals to be able to attend the conference in person and that it had provided those who were unable to do so the opportunity to make recorded speeches or comments.

“Imagine for a moment that the globe was a private firm, and the leaders of the world were various CEOs of the corporations – today we would all be fired,” Costa Rican President Carlos Alvarado Quesada remarked.