COP26 pledges: will the progress made be enough?

The COP26 climate talks in Glasgow have led to new net-zero targets and agreements on coal, methane and deforestation.

The key takeaways are as follows:

  • A total of 197 countries have signed ambitious new climate pledges at the COP26 Glasgow climate talks.
  • The pledges signify progress, but not victory. They are not enough to achieve the 45% cut to global carbon emissions needed by 2030.
  • There is also a risk that pledges may not materialise into action, as many of the biggest GHG emitters missed their less stringent 2020 targets.
  • Policymakers and the private sector need to deliver urgent and comprehensive action. Successful emission reduction strategies involve new technologies, regulations, and consumer behaviour changes.

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Economic Insights COP26 pledges: will the progress made be enough?

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