Decoding the Glasgow Climate Pact: Coal, Fossil Fuel and Carbon Market
After the negotiations of the 26th Conference of the Parties (COP26) of the United Nations Framework Convention on Climate Change (UNFCCC) were extended for one day,the parties passed an outcome document called the Glasgow Climate Pact. The document calls for: phrasing down coal, ending fossil fuel subsidies, mobilizing climate funds, and accelerating the pace of emissions reduction.
Keywords: climate change, fossil energy, developed countries, developing countries, climate finance, carbon market, carbon emission reduction
Stan, Decoding the Glasgow Climate Pact: Coal, Fossil Fuel and Carbon Market, Biodiversity Conservation and Green Development, Vol.1 No.2. January 2022, ISSN2749-9065