By 10th November 2021, 145 countries had committed to conserve the forests which amounted to over 90% of the global forest cover. However a year later, deforestation was still rising in Brazil and DRC was auctioning oil blocks in their rainforests. However, despite changes in political leadership, there is still much to agree and act upon.
Since late 2022, a new impetus has begun with the EU countries and the USA promising funds to help combat deforestation in the tropics.
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COP26 also began the process to provide $100 billion annually from Developed to Developing countries to build resilience to climate change and reduce greenhouse gas emissions. Agreements were also made to reduce emissions so the global average temperature rise could be limited to 1.5C.
The Glasgow Climate Pact - Key Outcomes
At COP27 (Sharm El Sheikh), countries signed the agreement to provide funds to vulnerable countries hit by climate change disasters. A clear intention was also made to limit warming to 1.5C but currently, this is off course.
Five Takeaways from COP27
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