• COP26 concluded in Glasgow with nearly 200 countries agreeing to the Glasgow Climate Pact 1-5c alive to keep 1.5C alive and finalise the outstanding elements of the Paris Agreement.
• The two weeks of intense negotiations wrapped up on Sunday morning Australian time, a day later than planned.
• As part of the pact, all countries have been requested to revisit and strengthen their 2030 emissions targets.
• The final document also contained an agreement to phase down unabated coal power.

You can read the closing statement from the COP26 President here: https://ukcop26.org/cop26-president-remarks-at-closing-plenary

ANALYSIS Proudly brought to you by Beyond Zero Emissions

While there have been mixed reactions to the outcomes of COP26, the good news is that countries have agreed to a deal on climate that would keep within reach the goal of limiting global heating to 1.5C.

COP26 has also issued a strong mandate to countries such as Australia to back rapid decarbonisation and embrace the opportunities of a zero-emissions economy.

At Beyond Zero Emissions, we’re helping deliver one million new, good, secure, well-paying Australian jobs with The Million Jobs Plan https://millionjobs.org.au.

Our Plan shows Australia can rebuild our economy after the disruption of the COVID-19 pandemic and secure a strong future for all Australians. In just five years, renewables and low emissions projects can deliver 1.8 million new jobs in the regions and communities where these are needed most.

NEW TRANSMISSION LIKE MARINUS LINK DELIVERS A CLEAN ENERGY FUTURE

Marinus Link is a proposed 1500 megawatt electricity connection between Tasmania and the mainland, involving approximately 250km of undersea cable and 90km of underground cable.

Marinus Link and the supporting North West Transmission Developments will unlock abundant, low-cost wind resources and pumped hydro storage facilities in Tasmania to provide reliable, affordable and clean energy to support ten million Australian homes and businesses across the National Electricity Market.

The two-way connection also means excess wind and solar power generated in Victorian renewable energy zones can be transported to pumped hydro facilities in Tasmania to be stored and deployed ‘on-demand’ when the market needs it.