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)?
