Road to COP26—biodiversity and climate change

Road to COP26—biodiversity and climate change

With biodiversity loss being both a cause and consequence of climate change, can we expect to see this pressing issue on the agenda at the 26th UN Climate Change Conference (COP26)?

COP26 is set to take place in Glasgow this November and will bring together UN Party representatives to discuss the implementation of the Paris Agreement, a global agreement to keep greenhouse gas emissions below 2°C. While the world has spent the past year preparing for the upcoming summit, the impacts of COVID-19 and an increasing awareness of the economic risks of rampant biodiversity loss have also led to new efforts to stem the damage human activity is causing to ecosystems.

And these two issues are not unrelated - on the contrary, biodiversity loss can lead to global warming through the removal of natural carbon sinks, while changes in climate create conditions for further ecosystem decline. This relationship does however also provide an opportunity for climate mitigation efforts through nature-based solutions, a key element in achieving net zero emissions by 2050 and achieving the objectives of the Paris Agreement. 

In the latest addition to our News Analysis series on COP26, Nigel Brook, head of the reinsurance team at Clyde & Co where he leads the firm's global campaign on Resilience and Climate Change Risk, expands on the relationship between biodiversity loss and climate change in order to answer the following questions: 

  • Why is nature one of the focus areas for the COP26 climate change conference?
  • What are nature-based solutions?
  • How do nature-based solutions fit in with the wider economy and carbon offsetting?

Read the full article here: Road to COP26—the role of nature-based solutions in fighting climate change.

 

More information on environment can be found here.

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