VWAGY - COP26: Not everyone on board to end car emissions by 2040
The U.N. climate talks in Glasgow, known as COP26, are continuing this week, with many of the parties looking for concrete pledges to combat the damaging effects of climate change. It's a trend that's been seen since the 2015 Paris Agreement to curb warming at 1.5 degrees Celsius above pre-industrial levels, where progress is yet to made despite many workshops, summits and conferences. "It is always 'the time is now', 'the time has come,'" said Kenya's Environment Minister Keriako Tobiko. "Actually there's no more time, let's put the money on the table." Case in point: A global deal to eradicate new car emissions by 2040 is struggling to attract support from the world's biggest automakers. Volkswagen (OTCPK:VLKAF) has said it would not sign the agreement, while Toyota's (NYSE:TM) signature is unlikely to agree given the reluctance of key governments - like the U.S., Germany and China - to join the
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COP26: Not everyone on board to end car emissions by 2040