17/11/2021
After two weeks of negotiations, the Glasgow Climate Pact was agreed on Saturday. Bellona supports the outcome as an important step in committing governments to carry out the Paris Agreement.
”The pact reaffirms the commitment to the 1,5-degree target and the actual science behind it. This key message from Glasgow will impact policy and investment decisions public and private around the world”, says Frederic Hauge, founder of the Bellona Foundation.
The pact includes novel language on issues such as unabated coal, fossil fuel subsidies and methane. Bellona recognizes significant movement on these issues, even if the text on coal was weakened in a last-minute intervention from China and India. That the agreement also considers abatement of fossil fuels with carbon capture and storage as a key solution is important, says Bellona.
”Naming coal has been a challenge for years, so this represents real progress. And we are satisfied that carbon capture and storage technology is acknowledged as a solution for industry and power. This will be important both for reducing emissions and also creating actual carbon removal from the atmosphere. CCS is also a means of countering energy poverty in poorer countries”, says Hauge.
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