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OECD contributions to COP26

  1. 1. OECD contributions to COP26 WGI Meeting – 25 September 1 Michael Mullan Special Advisor for COP26, ENV Michael.Mullan@oecd.org
  2. 2. Enhanced transparency and ratcheting up of ambition over time Global Stock Take Mitigation and NDCs Long term goal and zero net emissions Continued climate finance Technology & capacity building Adaptation Loss & Damage Preparations for COP26: Elements and goals of the Paris Agreement (a) Holding the increase in the global average temperature to well below 2 °C above pre-industrial levels and to pursue efforts to limit the temperature increase to 1.5 °C above pre-industrial levels, recognizing that this would significantly reduce the risks and impacts of climate change; (b) Increasing the ability to adapt to the adverse impacts of climate change and foster climate resilience and low greenhouse gas emissions development, in a manner that does not threaten food production; (c) Making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development. COP26 (31 October -12 Nov 2021) should mark the completion of the detailed rules for implementation 2
  3. 3. 1. Finalise the “Paris Rulebook” – Art 6 – voluntary international coordination – Art 13 – enhanced transparency 2. Secure more ambitious NDCs 3. Enhance flows of climate finance Progress towards COP26 100+ countries with net zero targets, but short-term commitments are not yet aligned 3 Source: Climate Action Tracker (https://climateactiontracker.org/global/cat-emissions-gaps/)
  4. 4. Water as a contributor to four of the UK Presidency’s campaigns for COP26 • Adaptation Action Coalition (governments) • Race to Resilience (non-state actors) Adaptation and Resilience • Leaders Pledge for Nature • Links to: CBD COP15, G7 and G20 Nature-based Solutions • Powering Past Coal Alliance • COP26 Energy Transition Council Energy transition • Meet and surpass $100bn target • Increase finance flows for adaptation Finance
  5. 5. Cross-cutting: • Horizontal Project on Climate and Economic Resilience • Losses and damage from climate change • Territorial approaches to climate action OECD work relevant to COP26 Supporting the negotiations (CCXG): • Understanding Net Zero Targets • Operationalising Article 6.4 • Reporting arrangements under Paris Agreement Sustainable Finance: • Work on de-risking, transition finance and metrics of environmental impact • Roundtable on Water Finance • Climate-resilient Finance and Investment (CRFI) Measuring progress: • IPAC • Update of Green Recovery database • Climate finance – update on progress towards $100bn target • Measuring progress on climate adaptation 5
  6. 6. • Programme of 30+ online events during COP26 • Goes live mid- Oct • For more info: – http://oe.cd/climate 6 The OECD’s COP26 Virtual Pavilion

Editor's Notes

  • Revise slides : new chart + finance?. Provide a few talking points on the level of ambition
  • UK Presidency is focussing efforts on these five themes, as part of their overall effort to raise ambitions for climate action. Each of the themes has associated initiatives aiming to mobilise progress in time for November
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