Today, Nov. 3, is the fourth day of COP26, and the daily theme of the conference is finance. We look at some background information on how much money was promised to fix climate issues before, and what we should expect at COP26. Plus, The Economist launches a new climate podcast series. Before you read about the events that took place today, here are some articles to contextualize the topics and discussions:
The broken $100-billion promise of climate finance — and how to fix it. In 2009, rich nations promised to contribute $100 billion a year to developing countries by 2020 in an effort to combat climate change. The promise was broken. But at COP26, delegates will figure out how to repair the situation and argue for more investment from developed nations.
“To a Lesser Degree,” a climate podcast series, launches from The Economist. Check out the first episode of this new series: "COP26 kicks off." As the climate conference begins in Glasgow, much is at stake. Will the leaders gathered there be able to reach an agreement to slow global warming? U.S. climate envoy John Kerry shares why he is optimistic.
What to expect on climate and finance at COP26. The success of COP26 may hinge on whether countries can agree on a host of thorny issues related to climate finance, and it’s not just the formal finance agenda.
Check back tomorrow for more info on what is being explored at COP26 — and good reads to keep you informed!