Business leaders optimistic COP26 visions will become reality

A week into the United Nations' high-profile climate conference in Glasgow, executives and financial analysts said they are optimistic the talks will lead to changes needed for business to play a bigger role in tackling climate change.

The business observers pointed to several steps by world leaders they said could boost sustainable business and investing efforts to mobilize the vast sums of money needed to wean the world off fossil fuels.

These include a pledge by financial firms with a combined $130 trillion in assets to focus on climate change, the creation of a global standards body to scrutinize corporate climate claims, and pledges to cut methane emissions and to save forests. 

Jefferies managing director Aniket Shah said although many of the steps lacked specific promises, they showed a global consensus forming to tackle climate change that will make it easier to for private investors and governments to put in money and effort.

Source: https://www.reuters.com/business/cop/business-leaders-optimistic-cop26-visions-will-become-reality-2021-11-08/

 

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