"It also has a "Belém Mission to 1.5" aimed at "enabling ambition and implementation" of nations' emissions-cutting pledges. Elsewhere, the agreement calls for efforts to at least triple finance for climate adaptation by 2035. Between the lines: The carefully word-smithed document indirectly endorses movement away from fossil fuels. The section on the "Global Implementation Accelerator" shouts out the "United Arab Emirates Consensus." That's the outcome of the 2023 UN talks in Dubai that called for "transitioning away from fossil fuels in energy systems.""
"The big picture: The talks unfolded as low-carbon power and vehicle deployment is growing worldwide, but global CO2 emissions are still rising as energy consumption grows. Multiple studies say warming is slated to blow harmfully far past Paris Agreement goals without much stronger action. That most aggressive Paris target - limiting rise to 1.5°C above preindustrial levels - won't be met, these outlooks find."
An international outcome in Belém launched a Global Implementation Accelerator to speed efforts to limit temperature rise and established a Belém Mission to 1.5 to enable stronger emissions-cutting pledges. The agreement calls for efforts to at least triple climate adaptation finance by 2035. The carefully worded text stops short of explicit fossil-fuel language while indirectly endorsing transitions away from coal, oil and gas by invoking the 2023 UAE Consensus; explicit fossil-fuel phrasing faced resistance from the Arab Group including Saudi Arabia. Global CO2 emissions continue rising and current policies project warming well above 1.5°C, near 2.5°C by 2100.
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