What are the key takeaways from COP26
Why does COP26 matter?
H
O
W
nearly 200 countries
the Paris Agreement
COP26 is the 26th UN Climate Change Conference where
It’s aimed to accelerate action on
More specifically…
Countries will need to reach global net zero by mid-century and keep 1.5 degrees within reach
Policy makers and investors need to help countries affected by climate change to …
Countries were meant to give at least $100bn in climate finance per year by 2020, but they have missed the target
… the ecosystems
accelerate the phase-out of coal
reduce deforestation
switch to electric vehicles more quickly
encourage investment in renewables
have discussed the definite plan to save our planet
which legally binds countries to limit global warming to well below
01
2°C
protect
defend
restore
Developed economies have pledged $100bn (€86bn) to help poorer countries reduce emissions by 2023
Key takeways
02
More than 100 global leaders signed to halt deforestation by 2030
Nearly 90 countries have agreed to slash their methane emissions by 30% by 2030
What’s still needs to be done
COP26 was a turning point in the fight against climate change but…
03
Cut cut cut. G20 countries are still responsible for
75% of global emissions
Unless otherwise stated, all information contained in this document is from Amundi Asset Management S.A.S. and is as of 23/11/2021. Diversification does not guarantee a profit or protect against a loss. The views expressed regarding market and economic trends are those of the author and not necessarily Amundi Asset Management S.A.S. and are subject to change at any time based on market and other conditions, and there can be no assurance that countries, markets or sectors will perform as expected. These views should not be relied upon as investment advice, a security recommendation, or as an indication of trading for any Amundi product. This material does not constitute an offer or solicitation to buy or sell any security, fund units or services. Investment involves risks, including market, political, liquidity and currency risks. Past performance is not a guarantee or indicative of future results.
Date of first use: 23/11/2021
Doc ID#:1917673
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$130tn (€112tn) in private capital aims to hit net-zero emissions targets by 2050 under the Glasgow Financial Alliance for Net Zero
30 financial institutions have promised to eliminate the harmful practice from their portfolios by 2025
Indian Prime Minister Narendra Modi has promised that his country will meet net-zero emissions by 2070
Words
into
actions:
Words
into
actions:
More action and leadership needed by the biggest polluters such as China
There is still no target or dates for countries to speed up the phasing out of coal and subsidies for fossil fuels
Scientists said countries’
short-term plans for 2030
are not strong enough to
limit the rise in temperatures