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Cop26 as of October 31;  Here’s what experts expect from the summit

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Cop26 as of October 31; Here’s what experts expect from the summit

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The 13-day COP26 Summit will take place from October 31 to November 12. The Glasgow summit, which is co-chaired by the UK and Italy, will feature Heads of State and Government from more than 120 nations.

What’s on the agenda

There will be discussions on finalizing rules and procedures for the implementation of the Paris Agreement. The UK and the EU will push for consensus and urge nations to commit to net zero emissions by 2050.

The key leaders participating in the summit are Joe Biden, Boris Johnson, Recep Erdogan, Scott Morrison, Nicola Sturgeon, Justin Trudeau, Narendra Modi and Greta Thunberg. However, Vladimir Putin, Xi Jinping, Jair Bolsonaro, Fumio Kishida, Cyril Ramaphosa and Ebrahim Raisi will not attend the event.

India’s speech at COP26

Prime Minister Modi will speak at the summit of world leaders on November 1. India is likely to emphasize that it is about time the promise of $ 100 billion in climate finance was translated into action.

Developed nations in 2009 had pledged to support developing countries with $ 100 billion by 2020. Also, the amount of funding is inadequate to meet the net zero targets by 2050. However, India said it has not been committed to net zero and that all options are open. .

Nations that have peaked with their industrial development and are higher carbon emitters have a greater commitment to net zero. Climate justice and the equitable distribution of carbon space will also be a focus for Prime Minister Modi.

In an interview with Parikshit Luthra, Francine Katsoudas, Cisco’s Executive Vice President and CPPO, said that private companies around the world are working hard to address the climate crisis. He said COP26 can be a north star of how we come together to address the issue.

He said Cisco aims to be net zero for Scope 1 and Scope 2 by 2025 and Scope 3 by 2040. He said the company is building products that will be more competitive due to their energy efficiency.

Shankar Venkateswaran, Managing Director of India at CDP, said the number of Indian companies publishing their carbon disclosures is very small, but has been increasing. This year, he expects a 25 percent growth in the number of companies publishing their disclosures.

Also, watch Parikshit Luthra in conversation with Alfonso García Mora, Regional Vice President for Asia Pacific for the International Finance Corporation, who spoke about climate change and his expectations from COP26.

Watch the video for more information.

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Cop26 as of October 31; Here’s what experts expect from the summit

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