The latest on U.N.COP26 in Glasgow:
GLASGOW, Scotland — The British government plans to make the U.K. “the world’s first net-zero aligned financial center” as companies and investors seek to profit from the drive to build a low-carbon economy. U.K. Treasury chief Rishi Sunak will lay out the government’s plans during a speech Wednesday as top financial officials from around the world meet at the U.N. , Scotland.
As part of the initiative, U.K. financial institutions and publicly traded companies must publish plans detailing how they will reduce their contribution toas Britain seeks to cut net carbon emissions to zero by 2050. A panel of industry and academic leaders, regulators, and community organizations will develop to ensure companies progress toward meaningful goals.
According to a statement, Sunak will say the U.K. is home to one of the world’s leading financial centers and “has a responsibility to lead the way” in financing efforts to fight. The comments come after Britain, and other wealthy countries failed to meet their commitment to providing $100 billion annually to finance climate-related projects in the by 2020. Sunak will urge rich nations to boost their support for climate projects in the developing world, saying that the $100 billion targets will be met by 2020, according to the advance statement.
GLASGOW, Scotland —praised fellow global leaders for their work at the U.N. climate summit, that they demonstrated a “great example of the kind of ambition you need” to confront the scourge of global warming. “I can’t think of any two days where more has been accomplished on said at the start of his summit-ending news conference.
big mistake with President Xi Jinping not attending in person. He said the Chinese “lost the ability to influence people worldwide, and all the people here at COP” with its absence at the summit.that the U.S. was launching a plan to , a potent greenhouse gas that contributes significantly to global warming. The announcement was part of a broader and other nations to reduce methane emissions worldwide by 30% by 2030. The president added that China, the world’s biggest greenhouse emitter, made a
GLASGOW, Scotland — The United Nations apologized Tuesday for leaving participants at thisglobal climate conference struggling to enter the venue — or log onto virtual meetings. The U.N. climate of organizing much of the meeting in Glasgow, Scotland, said the event was taking place “under exceptional and unprecedented logistical circumstances.” This included pandemic restrictions for the more than 30,000 people registered for the Oct. 31-Nov—12 conference, of people allowed into rooms. Civil society groups have accused the U.N. of failing to be inclusive on an issue of great importance to communities worldwide.
The U.N. said thehad been “a learning process.” “We are doing our utmost to learn and adapt continuously,” it said, but urged participants to prepare for endless queues and “in the case of inclement weather, please come prepared with appropriate gear.”
GLASGOW, Scotland — British Prime Minister Boris Johnson says Chinese President Xi Jinping’s absence from the COP26 leaders’ summit in Glasgow “doesn’t mean the Chinese are not engaging” with the fight against. But Johnson said Tuesday that he wants the giant country to do more to slash carbon emissions. He said China had sent a “very high level” delegation to the U.N. climate conference talks in Glasgow even though Xi stayed home, citing the . China has by 2060, 10 years later than many nations, and for carbon emissions to peak by 2030 or before.
“The question is, how much before? That’s what we’re discussing with China,” Johnson said.
The, whose country is hosting the conference in Scotland, said China had already made a “substantial” commitment. He praised Beijing’s decision to end financing for coal plants overseas, though not yet at home. Johnson said at a news conference that “you’re starting to see the impact of that Chinese decision…in the whole Asia-Pacific region already. GLASGOW, Scotland — Nearly three dozen countries and dozens of organizations warming and make food supplies and farming more resilient against mounting climate damage.
Theled the effort, announced at the U.N. climate summit in Glasgow, Scotland. Thirty-one nations and other non-government organizations have joined the initiative. The initiative is called Agriculture for Climate. The U.S. Agriculture Department said that the program had already drawn $4 billion for investment in climate-friendly improvements in food systems and agriculture over the .