The 26th UN Climate Change Conference of Parties (COP26), held in Glasgow in late 2021, was hotly anticipated. The summit was delayed by a year due to the COVID-19 pandemic and expectations for substantive results, such as ‘consigning coal to history’ and increasing climate finance to support climate action in the least developed countries, were high.
After frenetic last-minute negotiations, diplomats from nearly 200 countries struck a major agreement aimed at intensifying efforts to fight climate change. Pledges which drew the most attention were the phase-down of coal and fossil fuel subsidies, end of international financing for fossil fuels, accord on zero-emissions vehicles, global methane reductions, and the financial alliance for net zero