Finance
COP26’s Message to Companies Is Clear: Speed Up Your Net-Zero Plans
Even as countries fought bitter battles over how to tackle climate change, they signaled a clear alignment on the need to cut emissions fast.
Photographer: David McNew/Getty Images
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The Glasgow Climate Pact is a message to investors and executives that the march to net zero is accelerating.
The agreement, negotiated by almost 200 nations over two weeks, isn’t the pact that some were hoping for. But it sets out a vision for a world that radically cuts back coal usage, eliminates fossil-fuel subsidies and commits governments to the most ambitious targets of the Paris Agreement.