Listen: COP26 - ‘Pitifully inadequate’ or ‘truly historic’?
It's fair to say the COP26 climate agreement in Glasgow has received a mixed response. While UK Prime Minister Boris Johnson hailed the deal as “truly historic” and a “game changer” for the planet, climate activists have labelled it an abject failure. In this podcast, ING's Samuel Abettan and Coco Zhang say the truth lies somewhere in between
Rupert Read, a former spokesperson at Extinction Rebellion, did not hold back his criticism of the COP26 deal, describing it as "stunningly, pitifully, entirely inadequate" while Jennifer Morgan at Greenpeace said it was an agreement to "cross our fingers and hope for the best". The pledges made at the event will not limit global warming to the 1.5°C target. There was no agreement to phase out coal. And there was no breakthrough on climate finance. Was it all for nothing? In this podcast, ING economist Samuel Abettan and ESG research associate Coco Zhang provide some answers.
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