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COP26 Outcomes

As week two of COP begins, here are the outcomes from week one.

World Leaders were welcomed to Glasgow for the World Leaders Summit on Monday and Tuesday sharing ambition for urgent action that will keep the planet within 1.5 degrees of heating, protecting people and nature from the catastrophic impacts of the climate crisis.

Tuesday saw the launch of the World Leaders Breakthrough Agenda, the Multilateral Development Banks Joint Statement and Glasgow Leaders’ Forests & Land use Declaration.

On Wednesday outcomes included Mission Innovation – Breakthrough Energy Collaboration Agreement, the $100bn annual climate finance goal that will be delivered and $130 trillion of private finance aligned with net zero emissions via the Glasgow Financial Alliance for Net Zero.

On Thursday a 190-strong coalition agreed to phase out coal power and end support for new coal power plants. Major international banks committed to effectively end all international public financing of new unabated coal power by the end of 2021.

On Friday’s Youth and Public Empowerment Day, more than 23 countries made national climate education pledges including net-zero schools and putting climate at the heart of national curriculums. Other outcomes include the UK contributing £6 million to PROBLUE, a World Bank fund that supports sustainable ocean projects as well as the co-chairs conclusions of education and environment ministers summit at COP26.  Dedicated to Nature and Land Use.

Saturday saw 45 governments pledge urgent action and investment to protect nature and shift to more sustainable ways of farming, while 95 high profile companies from a range of sectors committed to being ‘Nature Positive’, agreeing to work towards halting and reversing the decline of nature by 2030.