"The United States committed today with other countries to stop financing fossil fuel projects abroad by the end of next year, in a seismic shift that could stem the construction of natural gas and oil facilities in lower-income nations."
"The climate pledges agreed so far at the Cop26 conference could keep the world’s rising temperatures to within 1.8C of pre-industrialised levels, according to the International Energy Agency – but only if the commitments are implemented in full."
"Oil companies and the banks that finance them are making empty promises – and getting credit for them too".
"Some of the world’s biggest financial institutions on Wednesday vowed to mobilize trillions of dollars to help shift the global economy toward cleaner energy as negotiators at the United Nations climate summit struggled with the question of how to pay for the enormous costs of climate change."
"A coalition of 18 countries, plus dozens of banks and other institutions, will pledge to phase out coal-fired power plants domestically and to end funding for international coal projects, according to the British government, which struck the deal at a global climate summit."
"Negotiators at COP26 are unlikely to deal with the challenges posed by climate migration, a failure that some experts say shows “a lack of political will.”"
Running updates of news on COP26 climate talks from New York Times.
"More than 100 countries have pledged to end deforestation by 2030 to combat global heating at the UN climate conference in Glasgow, Scotland. But environmentalists, skeptical of the commitment, say more needs to be done to end the so-called "chainsaw massacre" of the world's forests."
"Hundreds of the world’s biggest banks and pension funds with assets worth $130tn have committed themselves to a key goal in limiting greenhouse gas emissions, the UK government will announce on Wednesday."
"The U.S. may be on the verge of passing the most consequential climate change legislation ever. President Biden is expected to tout it at a big climate change meeting in Glasgow this week. But that won't change one of the country's major sources of greenhouse gas emissions: fossil fuel exports."