"Talks at COP26 on international carbon markets are running into difficulties, as the U.S. lines up behind the European Union with objections to a key demand from developing countries, according to people familiar with the situation."
"Across the world, many countries underreport their greenhouse gas emissions in their reports to the United Nations, a Washington Post investigation has found. An examination of 196 country reports reveals a giant gap between what nations declare their emissions to be versus the greenhouse gases they are sending into the atmosphere."
"The United Nations climate conference in Scotland has become a venue for world leaders and business executives to pretend they are taking action on climate change without following through, the climate activist Greta Thunberg said on Thursday."
"With the ocean seen as the key to keeping global heating to 1.5C, attention has turned to the vital but overlooked “big three” marine ecosystems – seagrass, mangroves and salt marshes".
"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.”"
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