Team @CarbonBrief is watching closely, draft text by draft text, for the next 2wks
Here's some highlights from negotiations so far:
📋#LossAndDamage finance on the agenda…
🎯…"finance flows" & 1.5C are not
🌲Concerns over CO2 "removals" guidance
🧵
First, orientation
There are in fact 5 "sessions" taking place at #COP27
COP27 (27th conf of parties to UN climate convention)
CMP17 (17th of Kyoto Protocol)
CMA4 (4th of Paris Agreement)
SBSTA57 (57th of sci/tech body)
SBI57 (57th of implementation body)
😱
So there are actually 5 separate agendas at #COP27
It's a nightmare to navigate and the @UNFCCC website doesn't exactly help. Seriously.
Another matter I'll be following closely is the snappily-named "mitigation work programme" on "urgently scaling up mitigation ambition and implementation in this critical decade"
When they met in June in Bonn, countries struggled to agree basic questions like how long should this mitigation work programme last (1yr? until 2030?) and what should it talk about (specific sectors?)
For now, the current text is raising major concerns from NGOs – they want it to be rejected for failing to properly safeguard ecosystems and human rights
⏩Energy transition "turbo charged" by Russia's war
⛰️Fossil fuels to peak by 2027
❤️🔥Peak gas: "Golden age of gas" is over
🌄Solar outlook +20% vs last yr; wind +15%
🌡️Warming 2.5C (1.7C if pledges met)
38,976,609,270 tonnes of CO2 in 2021
8,172,617,750 tonnes coal
4,221,366,060 tonnes oil
2,737,006,522 gas
2,600,000,000 iron ore
26,000,000 copper
2,700,000 nickel
170,000 cobalt
100,000 lithium