Future of the Environment

COP26: Everything to know about the climate change summit on 3 November

Borge Brende, President of the World Economic Forum with US President Joe Biden meets Borge Brende, President of the World Economic Forum Secretary John Kerry, Jeff Bezos of Amazon and Bill Gates in a private meeting at COP 26 in Glasgow ,Scotland Pictures Commissioned by Work Economic Forum Mark F Gibson / Gibson Digital infogibsondigital@gmail.co.ukwww.gibsondigital.co.ukAll images © Gibson Digital 2021.

US President Joe Biden (centre) announced the First Movers Coalition at COP26 yesterday. Image: Mark F Gibson / Gibson Digital

Joe Myers
Writer, Forum Agenda
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Future of the Environment

  • This round-up brings you everything you need to know about the COP26 climate summit, climate change and greenhouse gas emissions targets.
  • Top stories: US President Joe Biden announces First Movers Coalition; more than 100 countries join pact to slash methane emissions; Britain and India announce plan to connect world's green power grids.
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Key COP26 news stories

China has announced plans to reduce the average coal consumption during electricity generation at power plants, to improve efficiency and lower greenhouse gas emissions.

Canadian Prime Minister Justin Trudeau told reporters at COP26 that the country will at some point boost its targets for emissions cuts.

Russian President Vladimir Putin told COP26 Tuesday that it's vital to protect forests to tackle climate change. Russia would draw on its own vast forests to meet emissions pledges, he added.

Pope Francis said on Tuesday that the damage inflicted by the COVID-19 pandemic and climate change were comparable to those caused by a global conflict and should be confronted in the same way.

The United States and the United Arab Emirates at COP26 yesterday launched efforts to direct funding to make agriculture more resilient to climate change as well as cutting its emissions.

Governments and UN agencies have formed a water and climate coalition to address growing risks and shrinking reserves.

Nordic and UK pension funds have committed to invest $130 billion by 2030 to fight climate change and report annually on the progress of their green investments.

Britain and India introduced a plan yesterday at COP26 to improve connections between the world's electricity power grids to accelerate the transition to greener energy.

Atmospheric CO2 concentration
Atmospheric CO2 concentration. Image: Our World in Data

US President Joe Biden announces First Movers Coalition

Political and business leaders met yesterday at COP26 to announce the First Movers Coalition, a platform to accelerate the decarbonization of heavy industry.

The Coalition, a partnership between the US Office of the Special Presidential Envoy for Climate John Kerry and the World Economic Forum, will be officially launched tomorrow.

"The United States and World Economic Forum are launching the First Movers Coalition...[which] is starting with more than two dozen of the world’s largest and most innovative companies. The Coalition represents eight major sectors that comprise 30% of global emissions that we now are dealing with," President Biden said during a speech to COP26 on Tuesday.

You can follow the launch of the First Movers Coalition live on Thursday, 4 November at 15:00 CET here and on the Forum’s social media channels.

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More than 100 countries join pact to slash methane emissions

More than 100 countries have now joined an effort led by the United States and the European Union to slash emissions of the potent greenhouse gas methane by 30% by 2030 from 2020 levels, an initiative aimed at tackling one of the main causes of climate change.

The Global Methane Pledge, launched at COP26 on Tuesday after being announced in September, now covers countries representing nearly half of global methane emissions and 70% of global GDP, US President Joe Biden said.

"Together, we're committing to collectively reduce our methane by 30% by 2030. And I think we can probably go beyond that," Biden said at the COP26 summit in Glasgow, Scotland.

"It's going to boost our economies, saving companies money, reducing methane leaks, capturing methane to turn it into new revenue streams, as well as creating good paying union jobs for our workers."

The US also announced plans yesterday to cut methane emissions from oil and gas operations.

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