#28 Phase out to phase down

A big thank you to the 60+ participants of our seminar Phase out to phase down. 

While many of countries have doubled-down on their commitments to reducing forest-loss and emissions, China and India sparked the last-minute intervention to water down language on phasing out coal.

China and India are the two biggest producers, consumers and importers of coal.

At COP26 - UN Climate Change Conference, countries committed to new, ambitious targets for reducing greenhouse gas emissions this decade. Delivering on these promises will rely on the development, financing and scale up of green technologies. China and India, the two biggest producers, consumers and importers of coal, sparked the last-minute drama at the COP26 talks by forcing a compromise that led from "phase out" to be changed to "phase down." 

What does this mean? And what about Norway and Norways role at COP26? 

We invited the following for a c-suite conversation: 
Stig Traavik, Director of Climate & Environment in Norad - the Norwegian Govt Agency for Development Cooperation

-Truls Gulowesen, Managing Director of Naturvernforbundet. 

- As well as Surbhi Singvi, manager for energy, World Business Council For Sustainable Development (WBCSD)

and asked them:

  • What are the implications of the coal language in the Glasgow pact? 
  • India drew severe criticism from the phase down approach, what’s your perspective on that?
  • What are the outcomes of the decisions made at COP26 and the implications on India? 
  • A related question, Will India seek to prolong their dependence on coal for longer than they have publicly stated because of the change from "out" to "down"?
  • Norway’s role at COP26.
  • The pledge to provide $100bn annually by 2020 has not been met, and countries with less resources are demanding action. Now, The amount of money rich countries give to the developing world to help it cope with climate change was one of the big battles of the COP26 climate summit. Norway has doubled its climate finance support. Why did Norway do that? And what are Norway’s expectations from that aid ?
  • It is going to be hard enough for developed countries to adjust to the need to remove fossil fuels and carbon from their economies however, it is going to be far more challenging in developing nations, where there is much less money to pay for new infrastructure and technology. How do you see India in this landscape?
  • India is in a unique situation where it's facing some of the worst impacts of climate change. Is it time to take a more pro-active international role?
  • Gen Z climate warriors like Greta Thunberg have shown their disappointment with the actions in the direction of climate, what do you all think about it?

Did you miss the latest comment on COP26? You can read it below:

Når vi rike forurenser er det lov, men når land som Kina og India forurenser er det etisk uforsvarlig

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