On the second day of the Glasgow Climate Change Conference. The arrival of Heads of State and Government, accompanied by their retinues and crowds of media delegates, brought a throng of people and even some drama to the proceedings. Alongside the leaders’ statements, negotiations launched on Article 6 (cooperative approaches), loss and damage, common time frames for nationally determined contributions (NDCs), transparency, and adaptation, among other issues. The World Leaders Summit was the highlight of the day, kicking off with an opening ceremony titled “Earth to COP.” Throughout the day, negotiations took place on key implementation issues, ranging from Article 6 (cooperative approaches) to transparency issues. “It is one minute to midnight on the Doomsday Clock,” said UK Prime Minister Boris Johnson to the 60 world leaders and luminaries who convened for the first day of statements on the urgency and necessity of enhanced climate action. Risk, threat and vulnerability formed a theme that resonated across statements. President of Kenya Uhuru Kenyatta emphasized the “existential threat to Africa” from climate change. President of the European Council Charles Michel underscored humanity’s shared responsibility for the security risk to future generations. Several speakers acknowledged the “anger and frustration” among youth movements, and the potential for future generations to judge the current generation even more harshly. But leaders were also quick to embrace opportunity and possibility, particularly to raise adequate finance to support developing countries. Prime Minister of Barbados Mia Mottley stressed the chance for central banks and the International Monetary Fund to accelerate the energy transition, proposing an annual increase in Special Drawing Rights to USD 500 billion for 20 years. President Joko Widodo of Indonesia highlighted a role for green bonds.
By IISD. Earth Negotiations Bulletin. November 1, 2021.
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