COP26 to address great (and urgent) expectations - BNP Paribas Asset Management

The UN’s 26th Conference of the Parties (COP26) from 1-12 November in Glasgow, comes at a pivotal moment for a world whose societies and economies are being ravaged not just by the effects of an ongoing pandemic, but by increasingly frequent extreme climate events.

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... The Paris Agreement hammered out at COP21 in 2015 was hailed as a landmark, as 195 nations committed to combat climate change and unleash actions and investment towards a low-carbon, resilient and sustainable future”.

Under the Paris Agreement, countries agreed to try to limit global warming to 2C - but ideally 1.5C - to curb climate breakdown, and to submit their own action plans (Nationally Determined Contributions, or NDCs) as to how they each will achieve this. COP26 is the first time the parties will review the most up-to-date NDCs.

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