What's Hot in Glasgow - November 4, 2021

What's Hot in Glasgow - November 4, 2021

During COP26, WWF provides a daily “What’s Hot” newsletter with updates on the negotiations, news, announcements and press conferences.  

 

NEGOTIATIONS UPDATE 

  • The UK presidency’s consultations with heads of delegations on the main COP decisions (1/CP.26, 1/CMA.3, etc.) have been constructive and we’re seeing Parties among both developed and developing countries emphasizing the need to recognize nature, but also signals that others push hard against what they see as a potential “renegotiations of the Paris Agreement” by putting too much emphasis on the 1.5°C goal. 
  • On common time frames for NDCs, a key ambition issue for WWF, a text with nine options has been forwarded from the subsidiary body for implementation to the presidency for, hopefully, a resolution by ministers next week. 
  • We’re noting that developing countries have expectations for a common definition of 
  • climate finance, a potentially big and difficult if not impossible issue to resolve not just at the COP, but in the long term. 
  • We’re hearing more and more that how to resolve the many linked issues between the enhanced transparency framework and article 6 (markets and non-market approaches) could be a breaking point in this COP. 


WHAT WWF IS WATCHING TODAY 

Watch the UNFCCC live streams here  

 

REACTIONS FROM WWF 

WWF leaders are on the ground in Glasgow watching everything unfold—here are their reactions to the latest proceedings. 

Margaret Kuhlow, WWF Global Lead Finance, said: “There have been some impressive announcements from the finance sector today, not least from the Glasgow  Financial Alliance for Net Zero (GFANZ)  whose massive $130+ trillion in assets under management can help deliver the estimated $100 trillion of finance needed to transition to a net-zero emissions global economy over the next three decades.” 

  • WWF responds to announcement  by the governments of the UK, US, Germany, Norway and the Netherlands that  at least $1.7 billion of funding will be given directly to Indigenous peoples and local communities. 

Fran Price, Lead, WWF Global Forest Practice, said: “It must be followed through by full and effective participation of IPLCs in policy and decision-making processes, including in national climate plans, and direct funding to organizations representing IPLCs.” 

 

COMING UP 

  • On Friday 5 November, WWF will publish a new report showing how countries are including nature in their updated national climate action plans. There is no viable path to 1.5℃ without action on nature. The report, 
  •  NDCs - A Force for Nature is available on request.  
  • A launch event will take place at 09:30 GMT in the WWF Pavilion in the Blue Zone (Section D, Hall 4b). Speakers include Marco Lambertini, Director General of WWF International and Anne Lariguaderie, Executive Secretary, IPBES. Or watch the livestream here


NEWS  

 

INTERVIEWS & BLOGS WITH/FROM WWF EXPERTS 

  • NEWS: Manuel Pulgar-Vidal, WWF Global Lead Climate & Energy moderating event on carbon markets. Watch from 6:25  
  • NEWS: Damian Fleming, WWF Global Deputy Lead Forests, in Reuters: Indigenous group: Deforestation plans hinge on funds  
  • NEWS: Josefina Brana Varela, WWF-US Forest & Climate Vice President and Deputy Lead forests, on the greater focus on private sector financing on the pledge to end deforestation, covered by DW  
  • NEWS: Damien Fleming, WWF Global Deputy Lead Forests, in Reuters , on the need for the funds to end deforestation to be handled sensitively 
  • NEWS: Josefina Brana Varela, WWF-US Vice President and Deputy Lead forests, on the pledge to end deforestation by 2030, covered by AA.COM.TR  
  • NEWS:  Carter Roberts, WWF-US president and CEO, in conversation with PepsiCo CEO about key goals and political courage to solve the climate crisis in episode 2 of Companies for Climate Action: World War Zero  

 

panda.org/cop26  

Livestream of events at the WWF Pavilion on youtube.com/wwfclimate  

Twitter: @ClimateWWF  

 

 

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