Hi, Michelle here, bringing you the latest from Cop26 – where queuing is turning out to take half of my time. Yesterday, world leaders were still in Glasgow for high-level talks on climate change. US president Joe Biden, Canadian Prime Minister Justin Trudeau and Argentinian President Alberto Fernandez could be seen walking from one meeting room to the next.
Tuesday was all about forests, with countries pledging to end deforestation by 2030. A bunch of other deals were also announced, including slashing methane emissions and making clean tech cheaper.
But what about the cash? Countries worst hit by climate change are asking that question and released yesterday evening a set of demands on climate finance. Today, finance ministers will be sitting together in Glasgow and hopefully coming up with some answers – we’ll be keeping a close eye. |
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The latest news from Cop26
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The 55 countries that make up the Climate Vulnerable Forum called on rich countries to deliver on climate financing promises at Cop26 in Glasgow. (Credit: Geneva Solutions/Michelle Langrand)(Credit: Geneva Solutions/Michelle Langrand)
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💸 Where’s the money?
A group of 55 countries among the worst hit by climate change have called for rich countries to deliver $500bn by 2024 – and make up for their broken financing promises. The group of states launched the call at a high level meeting on the second day of Cop26 in Glasgow, calling as well for yearly updates to national climate pledges and a restructuring of the debt that is heavily weighing poor countries down.
Geneva Solutions (EN)
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🏭 US-EU rally more countries behind methane pact.
First announced in September, the United States and the European Union said 100 countries had now committed to collectively cut global methane emissions, one of the most potent greenhouse gases, by at least 30 per cent over the next decade as part of efforts to keep rising temperature levels within 1.5C. EU Commission chief Ursula von der Leyen and US president Joe Biden officially launched the Global Methane Pledge at the Cop summit.
Geneva Solutions (EN)
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Here’s what else is happening
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