FENY - COP26 agreement strengthens pledges for climate action but lacks enforcement

After two weeks of talks, nearly 200 countries struck an agreement to ramp up efforts to fight global warming, but activists say the deal falls well short of the breakthrough needed to avert eventual climate catastrophe. Supporters say Saturday's COP26 agreement in Scotland signals new determination among the world's governments to shift away from fossil fuels, but there is no enforcement mechanism, relying only on good faith to follow the rules as best they can. ETFs: XLE, XOP, VDE, OIH, DRIP, FENY, FCG, IXC The deal does not achieve the most ambitious goal of the 2015 Paris accord: to limit Earth's warming to 1.5 degrees Celsius (2.7 Fahrenheit) above pre-industrial levels. A late change at the insistence of China and India watered down a pledge to "phase out" coal power, instead committing to "phase down" coal, but the language also marked the first time that coal or fossil fuels were

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COP26 agreement strengthens pledges for climate action but lacks enforcement