SMOG - Hurdles remain as U.S. touts 'largest climate investment' at COP26

There were mixed climate reviews coming out of the G20 meeting this weekend, with some citing breakthroughs such as a commitment to stop financing new coal-fired power plants overseas and others saying the communique offered little specifics. Clean energy investors are now eyeing the COP26, a U.N.-sponsored climate summit in Glasgow that will take place over the next two weeks. Complicating matters is a global energy crunch that has prompted China to turn to coal to avert power shortages, Europe to seek more Russian gas and the U.S. blaming the OPEC oil "cartel" for soaring gasoline prices. Underinvestment in energy is leading to a 'bumpy ride' - IEA. Why is it important? The goal of the summit is to finalize the 2015 Paris Agreement, which aimed to limit the rise in average world temperatures to well below 2, preferably to 1.5 degrees Celsius compared with pre-industrial levels. However, that meeting

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Hurdles remain as U.S. touts 'largest climate investment' at COP26