Having been an observer on the last day of COP26, industry expert Nick Murry of Asesoria Group takes us a deep dive into what happened in Glasgow and considers what it means for your business.
With COP26 done and dusted, the Glasgow Climate Pact was supposed to mark the next ‘leap forward’ to follow the Paris Agreement of 2015. However, based on where it leaves us – somewhere between 1.9°C and 2.5°C of warming – it would be easy to conclude that COP26 was a failure. The agreement is undoubtedly an unsatisfactory compromise that reflects vested and short-term political interests. But does it give us a better chance of avoiding a climate catastrophe? Is limiting global heating below 2°C now more possible, or was it just more “blah, blah, blah?” And given that the UNFCCC was established with the aim of “stabilising greenhouse gas concentrations…at a level that will prevent dangerous anthropogenic interference with the climate system,” has the UN process itself failed to deliver what’s required?
Before reflecting further, it’s worth revisiting the context.
The fact is global greenhouse gas (GHG) emissions have risen continuously since the indust
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