COP26 aimed to secure global net zero carbon emissions by mid-century, keep the 1.5-degree target within reach, and address the impacts of climate change on vulnerable communities and natural habitats. Additionally, it sought to fulfil the promise of mobilising at least $100 billion in climate finance per year by 2020.
Partially. It succeeded in bringing the 1.5-degree target to the forefront of discussions, prioritising science and taking initial steps toward protecting major forest ecosystems. However, hard commitments to eliminate fossil fuel reliance and a roadmap to achieve net zero by 2050 were conspicuously absent. In this regard, there was a lot of talk but little action.
While focusing on green technologies like electric cars can reduce greenhouse gas emissions in wealthier countries, it does not address the urgent financial assistance needed by vulnerable countries in the global south. These countries require immediate support to adapt to and protect themselves from the impacts of climate change.
Climate change is not solely a problem for poorer countries in the south; it affects the entire world. However, global inequality and social injustice intensify the vulnerability of certain regions and communities to the impacts of climate change. The conference fell short of fulfilling key objectives, especially in terms of concrete action, financial support, and commitments to phase out fossil fuels.