As the world becomes increasingly vulnerable to the impact of climate change, nations globally have come together to find solutions to slow down its impact. One of the ways countries have cooperated on climate change is through the United Nations Framework Convention on Climate Change (UNFCCC). This body has been instrumental in bringing together nations to work towards common goals to mitigate the impact of climate change.

One of the critical moments in the UNFCCC`s work occurred as the 26th Conference of the Parties (COP26) held in Glasgow, Scotland, from October 31st to November 12th, 2021. The conference aimed to build on the commitments made in the Paris Agreement, which was adopted in 2015. The Paris Agreement aimed to limit the average global temperature rise to below 2°C above pre-industrial levels.

The draft agreement, which was presented at the conference, highlighted the commitments each country would make to reduce the impact of climate change. The agreement included several significant commitments, including reducing greenhouse gas emissions and enhancing the transparency of countries` climate actions.

One of the critical commitments in the draft agreement was to limit global warming to 1.5°C above pre-industrial levels. This change is significant because temperatures above 1.5°C could have catastrophic consequences. The agreement also called for the phasing out of coal, the reduction of methane emissions, and significant investment in renewable energy.

Another significant commitment in the draft agreement was the implementation of a climate finance mechanism. The plan aims to mobilize funds targeted for countries that are most vulnerable to climate change. It is also aimed at providing support to developing countries to help them transition to clean energy and address the climate crisis effectively.

The draft agreement also included specific language around addressing loss and damage associated with climate change. This aspect of the agreement is significant, as it recognizes the plight of the most vulnerable countries dealing with the impact of climate change on their economies and people.

In conclusion, the COP26 draft agreement presented at the UNFCCC conference in Glasgow, Scotland, is a crucial step in the global effort to address climate change. If implemented effectively, the commitments outlined in the agreement have the potential to reduce the impact of climate change and limit global warming. The world must continue to work together to address the significant challenges that come with climate change.