Australia and the international community will meet in late October 2021 in Glasgow as part of the 26th annual Climate Change Conference (COP26).
Now three decades old, COP26 is a climate summit organised by the United Nations (UN) and led by the UK. Its focus is on finalising and implementing Paris Agreement and UN Framework Convention goals to tackle the drivers and effects of climate change.
COP26 is important because reductions targets agreed to by countries during the summit will shape future political and economic relationships between Australia and its trading partners. These relationships can impact our local economies, including business prospects and the labour market.
Summit goals in 2021 include reaching net zero emissions by mid-century, protecting communities and natural habitats, mobilising finance to underwrite these goals, and nations working together to cement global climate policies and accelerate climate actions.
The worsening of climate change impacts, the economic impact of coronavirus, and increasing levels of environmental destruction, globally, mean the 2021 summit is now seen as a pivotal event for the international community.