COP26: Business gets serious about climate change

Hogan Lovells
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As COP26 gets under way this week, it’s heartening to note that increasingly,corporates and investors are stepping forward to play their part in fighting climate change. If we are to keep a temperature rise of 1.5 degrees within reach,everyone– governments,corporations, financial institutions, investors and citizens – must engage with the issue. Over the almost 30 years that the United Nations has convened its COP global climate summits, climate change has emerged as a global priority. At this year’s COP in Glasgow,countries are being asked to state their 2030 carbon emission reduction targets –an important milestone on the way to net-zero carbon by 2050,as outlined in the Paris Agreement.There will also be a focus on international financial institutions and their role in providing the trillions in private and public sector finance required to enable global net zero.

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