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COP26

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Created on May 7, 2022

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Transcript

2 Acceleration of getting rid of the overwhelming greenhouse gases.

Vehicles development*

1 Lmited temperature rise

1.5°C

Instead of following the original plan of goals achieved in 2050, carbon dioxide emissions are targeted to be reduced by 45% in the decade and reach further a net zero in 2050. Significantly, the UK companies announced their plan on moving on to a low-carbon future by 2023, aiming to reach the net-zero target of the UK by 2050.

Increasing the pressure of keeping temperature rise under 1.5 degrees in response to the emerging climate crisis. The impact of climate change will be much lower than at the present - 2 degrees. Pressure intensifies as the target date is pushed earlier, rather than waiting five years for the change. China and USA are the world’s two biggest emitters of carbon dioxide and are also committed to fulfilling their responsibility by working to achieve the “1.5 degrees” goal.

of global greenhouse gas emissions goes to transport like cars and vans. Zero-emission vehicles will be promoted and fully leading the markets globally by 2040, this greatly accelerates the decarbonisation of road transport.

10%

Eliminate deforestation*

-45%

COP26

Ending and reversing forest and land loss is committed by more than 100 countries and at least 30 financial institutions by 2030, with public and private funds of almost $20 billion.

3 Banishing fossil fuel

- one of the biggest cause of climate change.

More than 40 countries agreed to promise an explicit shift away from coal-burning, aiming to halve the emissions before 2030.
Gathered 120+ world leaders to stop and avoid the worst impact of climate change.

4 Global financial support for success

Ending the future of fossil fuels*

Climate change that is mainly caused by richer countries costs developing countries a huge amount, so they will be recompensed for their loss. Previously, $100 billion per year was pledged to help poor countries, however, the target was not fully achieved. Developed countries including the USA, UK, Japan, Norway, Spain, Canada etc, now made stronger commitments and doubled finance to support developing countries, to an estimated amount of $96billion per year by the end of 2022, and meeting the $100billion per year in 2023, for the adaption to and protection against climate impact in poorer countries.

Cutting off methane*

Over 20 governments and financial institutions, including Canada, France, Germany, US and UK agreed to stop funding overseas fossil fuel projects by 2022, which is very effective and important in stopping climate impact. South Africa, the most carbon-intensive electricity producer, is supported to transit into a low-carbon economy.

More than 100 countries, including half of the top methane emitters, have also signed the Global Methane Pledge to limit the emissions of potent greenhouse gas by 30% before 2030.