Climate ambitions have increased. But a new report shows that government support for fossil fuels would keep production in 2030 at double the rate required to slow the climate crisis. Projections indicate more global oil and gas production, and only a modest decline in coal production.
“The outcome of COP26 is a compromise. It reflects the interests, the contradictions and the state of political will in the world today. It is an important step, but it is not enough,” UN Secretary-General António Guterres said at the conclusion of the conference.
Countries were still locked in negotiations as night descended on the last official day of COP26, with all indications pointing to a long night of working out a final agreement. Earlier in the day, parties met for over three hours to discuss draft texts for the agreement. Many countries voiced general support for the proposals but stressed that various elements needed strengthening or balancing.
The COP26 venue seemed less crowded today, with shorter lines through security and slightly more elbow room in the halls. But the conference had a far more frenzied feel, with deadlines looming for the negotiations – and progress reports still showing little progress. “There is still much work ahead of us” is the line often heard.