The United Nation’s 26th annual Conference of Parties (COP26) came to a close with some positive momentum and clear agreements concerning climate change. At IR+M, we continue to monitor the landscape as countries look to implement these initiatives, as well as assess the potential impact of these developments on our portfolios.
- COP26 concluded with the Glasgow Climate Pact, which reaffirms the goal of limiting global warming to 1.5 degrees Celsius and calls for countries to “revisit and strengthen” their 2030 emissions-reductions targets.
- The COP26 agreement explicitly calls for the need to move away from coal power and subsidies for fossil fuels.
- Other proposals included pledges to cut methane emissions, limit deforestation, and double adaptation finance to help the lowest-income countries improve climate resilience.
For more information on COP26 and climate risks, please see our recent publication, What’s All the Talk about COP(26)?
As of 11/17/21. The views contained in this report are those of IR+M and are based on information obtained by IR+M from sources that are believed to be reliable. This report is for informational purposes only and is not intended to provide specific advice, recommendations for, or projected returns of any particular IR+M product. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission from Income Research & Management.