Five big loopholes show COP 26 failing to curb fossil fuel extraction

(The Energy Mix, 14 Nov 2021) For the Glasgow climate summit to be judged a success, a key outcome had to be that parties agreed the majority of the world’s fossil fuel reserves needed to be left in the ground.

As recent research suggests, 89% of coal and 59% of gas reserves need to stay in the ground if there’s to be even a 50% chance of global temperature rise staying under the crucial limit of 1.5℃ this century.

But the summit, COP 26, has not lived up to that ambition because there are too many loopholes for the fossil fuel industry to exploit, Australian political philosopher Jeremy Moss writes for The Conversation.

Some promising proposals have been put forward, including the pledge to cut methane emissions, some increased emissions reductions targets at the national level, limits to deforestation, and ending some overseas funding of fossil fuels. On November 11, 13 countries launched a new alliance to end gas and oil production within their borders, led by Denmark and Costa Rica.

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The Energy Mix, 14 Nov 2021: Five big loopholes show COP 26 failing to curb fossil fuel extraction

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