United Nations COP26 summit News

COP26 Climate Agreement Targets Fossil Fuels as Key Driver of Global Warming

GLASGOW – U.N. climate talks ended Saturday with a deal that for the first time targeted fossil fuels as the key driver of global warming, even as coal-reliant countries lobbed last-minute objections. While the agreement won applause for keeping alive …

Insurers to Hike Private Market Investments; Environmental Focus Grows: BlackRock

GLASGOW / NEW YORK – Insurers plan to increase their allocations to private markets to 14% from 11% over the next two years in the hunt for yield, as they add more money to environmentally focused investment funds, BlackRock Inc …

Draft COP26 Climate Deal Tries to Balance Demands of Developing and Richer Nations

GLASGOW – A new draft agreement for the U.N. climate conference in Glasgow on Friday presses countries to be more ambitious in their plans to tackle global warming, while walking a fine line between the demands of developing and richer …

Allianz, European Investment Bank Back €500M Public-Private Climate Fund

GLASGOW – The European Investment Bank and Allianz Global Investors said on Monday they plan to raise 500 million euros ($577.55 million) for a fund aimed at bolstering climate mitigation and adaptation in developing countries. The Emerging Market Climate Action …

Business Execs Optimistic COP26 Will Bring Changes Needed to Tackle Climate Change

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 …

Louisiana Governor Addresses Climate Change Challenges at COP26

With his trip to an international climate change conference, Gov. John Bel Edwards acknowledged Louisiana’s obvious front-row seat to the problems of a warming planet while raising his profile on an issue few of the South’s top leaders promote. The …

COP26 Coal Pledge Falls Short on Support From Big User Countries as Emissions Surge

GLASGOW – A pledge to phase out coal gained the support of 23 more countries at the U.N. climate conference on Thursday, but was shunned by big users of the dirtiest of the fuels that cause global warming. The COP26 …

Climate-Fueled Disasters Spur UN Plan to Fund Weather Forecasting in Vulnerable Nations

GLASGOW – As climate change triggers deadly heatwaves, droughts and floods, three U.N. agencies on Wednesday rolled out funding plans to improve weather forecasting in vulnerable countries. The initiative, announced at the U.N. climate summit, aims to plug gaps in …

Coal in Crosshairs as UN Climate Summit Brings Raft of Clean Energy Pledges

GLASGOW – Government representatives at the U.N. climate conference in Glasgow on Thursday will turn their focus to tackling the global economy’s addiction to fossil fuels with a raft of new pledges aimed at curbing production and use of oil, …

Banks, Asset Managers, Representing 40% of World’s Assets, Vow to Meet Climate Goals

Banks and asset managers representing 40% of the world’s financial assets have now pledged to meet the goals set out in the Paris climate agreement, as an alliance championed by former central banker Mark Carney swells under the gaze of …