SAYUL KC January’s project.
The results of Finland’s COP26
1. What is COP 26?
Acronym of ‘Conference Of Parties’. It refers to the general meeting of the parties to the UN Convention on Climate Change.
It held from October 31 to November 13, 2021 in Glasgow, England.
The leaders of more than 120 countries announced their goals under the Paris Climate Agreement (COP21) to prevent a 1.5 degree rise in global temperature compared to the Industrial Revolution.
2. The main issues of COP26
-Step-by-step reduction of coal: Although there is a limitation that the deadline has not been set, It is the first COP agreement which specifies the goal of reducing coal power generation for the first time.
In addition, there were discussions on increasing climate change adaptation funds, global methane pledge, completion of detailed implementation guidelines for international carbon market mechanisms, strengthening support for climate change in developing countries, and preventing forest damage.
3. Finland’s High – Level Segment Statement
-Goals to reach carbon neutrality by 2035.
-Ensure adequate climate finance. Recommend integration of climate behavior into the national budget through Federation of Climate Action Finance Ministers
-As Finland is Europe's most forested country and Arctic region, it emphasizes reducing carbon and methane emissions and preventing forest damage.
4. Declare pollution-free cars.
Participated in the declaration of the conversion of pollution-free cars at the 4th ZEVTC held in Glasgow, England. It promised that it will sell only pollution-free cars in the case of new cars by 2035 in the major automobile market and globally by 2040
5. A promise of financial aid to developing countries.
Prepared a funding package for the development of early warning systems of abnormal weather in developing countries.
In addition to the adaptation fund, the European Bank for Reconstruction and Development invests about 40 million euros in HIPCA.
The results of COP 26 of Finland.