Our response to Glasgow Climate Pact - COP26 outcome

Tony Danker, CBI Director-General, said:

“The UK Government has hosted a successful summit that has advanced global efforts to tackle the global climate and nature crisis. However, in spite of the best efforts of many, negotiators, activists and businesses will have to keep working beyond Glasgow to keep the 1.5 degree target alive.

“While profound movement on methane reduction and deforestation – alongside the historic US-China bilateral agreement and Indian Government’s setting of net zero targets – represent huge strides forward, more must be done in the next twelve months under the UK’s Presidency.

“Pressure will surely fall on negotiators to come back to the table in Cairo to strengthen Nationally Determined Contributions and in particular address the stubborn issues of reducing coal use, the development of carbon markets, limiting fossil fuel subsidies and delivering necessary transition finance for nature loss and damage.

“Where COP26 has been truly pioneering is in terms of the contribution of business. Over the past few weeks, businesses have shown that they are committed to moving from laggard to leader on climate and to bring fresh impetus, innovation and ingenuity to delivering net zero. Regardless of the political outcome of COP26, business stands ready to go further and faster to play its part.”