COP26 sets goal of 1.5 degree increase

Participants at the COP26 UN climate conference in Glasgow, Scotland, have finally reached an agreement with last-minute changes after the conference was extended by one day.

The members agreed to pursue efforts to limit the global average temperature increase to 1.5 degrees Celsius above pre-industrial levels.

And it requests countries to review and strengthen their emissions reduction targets for 2030 by the end of 2022.

It called for stronger actions than the Paris Accord of 2015, which had sought to hold the increase to well below 2 degrees Celsius. The new goal is a limit of 1.5 degrees.

The agreed statement in Glasgow includes enhanced financial support to developing nations for climate actions.

It also urges countries to accelerate efforts towards the "phase-down" of unabated coal power.

The third draft called for a "phase-out" but India raised concern about the term and managed to have it changed in the final statement.