The renewed momentum amplified at COP26 for a collective effort to avoid a climate catastrophe includes the financial community committing to greater long-term sustainable investment strategies.
At COP26 in Glasgow in late 2021, almost 200 participating countries made long-term commitments to limiting warming to 1.5 degrees Celsius, although some short-term ambitions and policy plans lacked the same backing. Countries accepted accelerating their decarbonization plans and strengthening their emissions-reduction targets for 2030 in 2022, rather than in 2025 as previously set out in the five-year schedule defined under the Paris Agreement.
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