- After an ineffectual G20 immediately prior to COP 26, there was pessimism about significant outcomes from COP 26.
- Day 1 produced signs that the emergency is acknowledged and some indications that real progress is being contemplated.
- Deal on deforestation endorsed by 100 country leaders, including key countries struggling with deforestation including Brazil, Indonesia, Democratic Republic of Congo.
- If COP 26 produces commitments to decarbonize and produce major cuts (eg 50%) in emissions by 2030, this will herald the biggest investment boom the world has ever seen.
- Investors might consider what they will do if the exit from fossil fuel is accelerated and the switch to renewables based on trillions of dollars of new investment looks possible.
For further details see:
Day 1 Of COP 26: Signs That Renewables Transition Might Accelerate