Updates from COP26 as climate summit continues in Glasgow

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8:45 am: the COP26 panel focuses on “keeping 1.5 ° C alive” with the help of science

UK Chief Scientific Adviser Patrick Vallance.

WPA Pool | Getty Images News | Getty Images

A panel began at the COP26 summit to examine how countries, businesses and climate organizations can, as organizers say, “keep 1.5 ° C alive” in reference to the Accord’s commitment of Paris of 2015 to limit global warming to 1.5 degrees Celsius, compared to pre-industrial levels.

Patrick Vallance, chief science adviser to the UK government, said science and technology have the biggest role to play in tackling, monitoring and measuring climate change, as well as in evaluating the measures put in place to reduce carbon emissions.

Vallance spoke of the need to adapt to climate change “in order to be ready for what is to come” and to adopt technologies to combat and reduce the impact of climate change.

“We have a lot of technologies needed to solve the problem, but they need to be improved,” he said, listing that the technologies “need to” come down in cost, they need to be more practical, they need to be applicable worldwide and we have to scale them. ” The latter, he said, requires research and development.

Science must be woven through “every unique consideration in our response to this global problem we face,” he said. “Science has played the role of the diagnostician … now it must now play the role of treatment as well, and the treatment will be in technology, innovation, earth-based and natural solutions, and behavioral and societal change.”

Holly ellyatt

7:10 a.m .: Find out more about the rise of ESG investments

Julia Hoggett, CEO of the London Stock Exchange, discusses the future of green market regulation amid rising ESG investments.

6:40 am: The search for greener solutions for large emitters

A construction site in Hong Kong.

Laoshi | E + | Getty Images

The building materials and construction sector is estimated to account for around 40% of global greenhouse gas emissions, so it is at the heart of the climate change debate.

A new report from the World Green Building Council, released last week, stressed that real estate companies need to invest in sustainability to foster a more welcoming and greener environment.

One of the Council’s European network partners is the French construction materials group Saint-Gobain, which has invested nearly 14 million euros ($ 16.2 million) to reduce its carbon footprint and make its factories manufacturing in India more water efficient.

Benoit Bazin, CEO of Saint-Gobain, told CNBC on Tuesday that the COP26 summit was a great opportunity to convey the ambitions and needs of the construction sector to policy makers.

“This is clearly a huge opportunity to work on solutions for buildings, the biggest emitters of CO2,” he said.

“We can work with new ways of building, we can be very careful with natural resources and we are here at the COP calling on governments to review building standards and speed up the renovation of public and private buildings in states. United and Europe and provide us with a framework for green energy so that we can manufacture net zero building materials, ”he said.

Holly ellyatt

6:00 a.m .: Companies should be encouraged to make businesses greener, according to SAP

Scott Russell, SAP board member, talks to CNBC about the company’s new software that will help brands gain greater visibility into their supply chains.

5:30 am: The world needs more nuclear energy, according to a French official

French President Emmanuel Macron has pushed for nuclear power to become a larger part of the European energy mix, with the issue becoming increasingly prominent amid rising energy prices and supply issues these last months.

In October, Macron announced that France would build new, smaller nuclear reactors as part of a five-year investment plan to reindustrialize the country.

Cédric O, French Secretary of State for the Digital Economy, told CNBC at the COP26 summit that nuclear energy was a rational choice.

“If you want to reduce your carbon emissions, you have to develop renewable energies… but you [also] you need energy that does not depend on the level of the sun or the speed of the wind, you need constant energy so you have the choice between coal, gas and nuclear. “

“If you do the math, we need more nuclear, it is not only France that says it, it is also the International Energy Agency and we can see that, overall, more and more countries are looking into this nuclear issue. “

Holly ellyatt

4:50 am: Are regulators behind on methane reducing products?

A dairy cow fitted with a portable methane reducing mask, developed by Zelp Ltd., stands in a barn on a farm in Hertfordshire, UK on Friday 21 February 2020.

Hollie Adams | Bloomberg | Getty Images

Methane was one of the big topics of COP26, with more than 100 countries pledging to reduce methane emissions which warm the planet by 30% by 2030 in what is called “Global Methane Pledge “.

CNBC was joined at the summit on Tuesday morning by Geraldine Matchett, co-CEO and CFO of Royal DSM, a company that strives to address the environmental challenges associated with global food production and consumption.

In September, Royal DSM announced a new plant for the large-scale production of a feed supplement for livestock called Bovaer that significantly reduces the methane produced by cows.

The supplement has been cleared for use by some South American countries and regulatory approval may be imminent in Europe, but the outlook is less clear in the United States, the world’s largest beef producer.

“With regard to the United States and regulatory clearance there, this is a new ingredient that is entering our food and so I think it’s fair that the process be very diligent,” said Matchett told CNBC when asked when regulators in Europe and the United States could finally approve the reductive methane supplement.

“But of course, with the commitment on methane and the heightened degree of urgency that is clearly linked to climate change and methane, there might be a way to go a little faster, but we would never want to for an authority to take a short cut, it must be done right. “

Holly ellyatt

3h00: Meet the young activists who fight for the climate at COP26

Young protesters attend the Fridays For Future COP26 March in Scotland on November 5, 2021 in Glasgow, Scotland.

Jeff J Mitchell | Getty Images News | Getty Images

Young activists on the front lines of the climate crisis came to the COP26 summit to push for an end to inaction, urging politicians and business leaders to do all they can to achieve the crucial goal of capping global heating to 1.5 degrees Celsius.

Tens of thousands of protesters marched through the rainy streets of Glasgow, Scotland over the weekend to demand the urgent action needed to tackle the climate emergency.

Placards bearing slogans such as “COP26 Act Now! And “We need action, no promises” were withheld in the city center as many chanted “system change, not climate change”. A short bus ride away, summit talks continued behind closed doors.

Read the whole story here.

Sam meredith

02:20: A recap of Monday’s highlights

Former US President Barack Obama delivers a speech at the United Nations Climate Change Conference (COP26) in Glasgow, Scotland, Britain on November 8, 2021.

Phil Noble | Reuters

Monday’s main program focused on the loss and damage caused by global warming and how countries can adapt to climate change.

One of the highlights for many participants was former US President Barack Obama’s address to delegates in which he warned that “when it comes to the climate, time is really short”.

Obama, who was president when the United States approved the 2015 Paris Agreement from which his predecessor Donald Trump later withdrew the United States, warned that “we have not done enough to deal with this. crisis, we are going to have to do more ”. He said that both individually and collectively we are failing to tackle climate change.

There is still a lot of work to be done at the top. Delegates have yet to develop a plan to contain the global temperature rise to 1.5 degrees Celsius above pre-industrial levels – and there is no clear indication yet that this will happen.

Holly ellyatt

1:58 am: What is the schedule for Tuesday?

On Tuesday, the focus is on science and innovation that are key to limiting climate change.

The “Science and Innovation Day” at COP26 is expected to see the announcement of new initiatives supported by global coalitions of nations, businesses and scientists.

UK Government Chief Science Advisor Patrick Vallance will highlight the critical role of science and innovation in providing every country with the tools it needs to immediately cut emissions in line with global temperature targets. ‘Paris Agreement of 2015.

A coalition of 23 governments (covering 95% of global public investment in clean technology, research and development) will announce four new ‘innovation missions’ in which countries will work together to accelerate the development of clean technologies for cities, industry, removal of carbon dioxide and the production of renewable fuels, chemicals and materials, the UK government said in a statement.

Advancing gender equality and the full and meaningful participation of women and girls in climate action is also another topic discussed on Tuesday.

Holly ellyatt


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