COP26: For summit to be effective, the investment industry needs to play its part

Three principal priorities

clock • 3 min read
Saker Nusseibeh CBE of Federated Hermes

Saker Nusseibeh CBE of Federated Hermes

Next month’s COP26 appears to be stuttering towards the start line.

Sponsors have criticised the ‘mismanaged' and ‘very last minute' organisation of the event, but more concerning is the lack of commitment from world leaders.   Late confirmation of attendance from Australia's Prime Minister has been followed by news that presidents Putin and Xi Jinping, leaders of two of the world's major emitters of greenhouse gases, will not attend and are undecided on participating, respectively.  The trajectory for Chinese emissions means China alone would use more than 50% of the remaining Paris-compliant global carbon budget, so the concept of them not showing u...

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