What will world leaders make of Denmark’s plan to end oil exploration in a bid to reduce the nation’s carbon output at least 70% by 2030?
“We are going to spend billions of euros on economic recovery in Europe and if we are smart and invest in green infrastructure and energy efficiency, something good can actually come of this,” Danish Climate Minister Dan Jorgensen said.
Bloomberg Green look at the move in more detail calling it one of the most ambitious climate plans in the European Union.
The FT, meanwhile, predicts European Central Bank president Christine Lagarde will slash its purchase of bonds issued by fossil fuel companies and other heavy carbon emitters as it looks to become a pioneer in fighting climate change.
The conclusion follows an FT survey of 33 economists for their opinions published in the first few days after New Year.
Australia, Indonesia and India, though, come in for criticism after apparently missing a key deadline on strengthening their efforts on climate.
According to The Independent, they are among ‘major polluters’ not to make new submissions under pledges made as part of the Paris Agreement.
They should be mindful. Writing for The Wire Science Jag Bhalla reports that 1300 climate crisis cases have been brought against governments, companies and other entities over the last year of so in a new front demanding action.
The focus is very much on a case in Europe being brought by a young group from Portugal which was given leave to take action by the European Court of Human Rights who have fast-tracked the action.
Japan, at least, says it will review its targets though no details have emerged of what that might look like. NHK World reports ministers hope to make the announcement at COP26.
Fortune asks ‘2020 was the year of the net zero by 2050 commitment. Will 2021 be the year we get the details?’
Something the SNP government in Scotland is similarly being challenged on after it published an updated climate plan in the run up to COP26.
Scottish Greens environment spokesperson Mark Ruskell is quoted by The Herald: “The Scottish Government’s climate plan made some good noises, but now we need to see those pledges reflected in budget decisions.
“We need more commitment on a transition from oil and gas and on creating green jobs. We simply don’t have time to wait for undeveloped technologies, this is the year where we need to step up the pace of change.
“Let Scotland grasp the opportunity that the COP conference presents to show real leadership in protecting our future.”
Award-winning journalist Dani Garavelli looks at exactly how Scotland can take centre stage during the conference in this focus piece for Scotland on Sunday.
She writes: ‘The success of COP26 relies not merely on Glasgow’s ability to host a major summit, or on the Scottish Government delivering on its pledges, but on the behaviour of the biggest global players.’
CityAM was among the first to report that UK business minister Alok Sharma had offered to resign from his role in order to fully concentrate on preparing for the UK’s chairmanship of COP26.
It cames amid speculation former Tory Prime Minister David Cameron was being lined up to take on the event presidency instead.
It was little surprise then when the move was agreed, but perhaps signalling the level of diplomatic work still to be done in order to make the conference happen and for it to achieve any kind of level of success.
It says: ‘2021 is the last chance to agree new governance arrangements. With the key asks for just carbon markets already articulated in the San Jose principles, there is a possibility that this could be the year that substantial money is committed to climate finance. Certainly, manoeuvring on the issue will be key for 2021s climate diplomacy.’
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