COP26: It Is Gas, Gas, Go Away…!!!

What could be unfolding in the minds of those who gather at the Glasgow climate change summit (COP26)? 1 For anyone’s guess, it could be gas, gas, go away!! For, climate change is about gas emissions.

Studies reveal that zero emission solutions cover 25% of the economic sectors at present. Power and transport sectors top the list.  Emission off-setting technology creates new business opportunities for the startups.

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COP (Conference of the Parties) is the decision-making body of the United Nations Framework Convention on Climate Change (UNFCCC). Presently there are 197 parties. COP21 held in Paris in December 2015 agreed upon limiting global warming to below 2 degrees Celsius. Subsequent COPs assess the progress made towards this.

What Could Transpire in Glasgow?

  • Fresh national pledges and additional commitments to achieve the Paris Agreement target.
  • Large congregation of world leaders, negotiators and representatives of governments, businesses and citizens make the conference unique.
  • Debates on the dependence of developing economies on fossil fuels and their inability to implement total carbon neutrality.

Conclusion

Though greenhouse gas emissions2 cannot be totally avoided, balancing out the adverse effects with actions such as planting trees and using technology that neutralises the emissions can be considered.  

Learners’ Opportunity

Social responsibility is a key element of a successful enterprise. For more insights, check our program @https://online.ifheindia.org/

Discussion Question

Which one, according to you, is contributing more emissions in India? Power projects or transport sector? Why?

Key Words

#Climatechange#greenhousegas#onlinembacourse#mbabestcourses

Source Article

The Economist, Oct 30, 2021. Climate change. Why the COP26 climate summit will be both crucial and disappointing

UNFCCC Sites and platforms. Conference of the Parties (COP)    

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1 COP26, 26th edition of UN climate change summit is being held in Glasgow, Scotland, United Kingdom, between 31 October and 12 November 2021. COP refers to the decision-making body of the United Nations Framework Convention on Climate Change (UNFCCC)

2 Greenhouse gases are emissions released into Earth’s atmosphere by burning fossil fuels, like natural gas, oil, and coal.