Now that COP26 is done and dusted, six key conclusions have emerged. All the pledges put together appear to have positively reduced the forecast of global warming of 2.5oC in year 2100 by possibly 0.3o. More countries have agreed to Net Zero around mid-century. There will be no abandoning of 1.5oC target.
There was significant traction on sectoral pledges—coal, cars, methane, and forests—and next year’s meeting at the Egyptian resort of Sharm-el-Sheikh will, once again, push the envelope. Finally, there was a clear acceptance of the need for more financial assistance to help poorer nations graduate from fossil fuels.India, the world’s fourth-biggest emitter of carbon dioxide after China, the US and the EU, made its own set of commitments.
It pledged to bring its economy’s carbon intensity down to 45% by 2030 and fulfill 50% of its energy requirement through renewable energy by 2030. India will reduce 1 billion tonnes of carbon emissions from the total projected emissions by 2030.
