COP26 | Hot Topics

COP26

Here at Platform, we’ve been closely following the announcements coming out of COP26. After a busy first week at the summit, including lots of positive steps forward for climate change, we’ve rounded up some of the key announcements from week 1 below.

Opening of negotiations

  • More than 100 world leaders have pledged to cut global methane emissions (which are responsible for 25% of global warming) by 30% by 2030.   

  • World leaders updated their national climate plans, with India announcing a target to reach net zero by 2070 and Brazil pledging to cut emissions by 50% by 2030.  

 
Climate finance

  • World leaders have pledged to meet the target of mobilising $100bn of climate finance for developing countries a year by 2023.

  • UK firms will be required to show how they intend to hit climate change targets: by 2023, most large UK firms and financial institutions will need to set out public plans on how they will achieve net zero carbon emissions by 2050 or earlier.   

 
Energy 

  • More than 40 nations, including major coal users Poland, Vietnam and Chile, have committed to shift away from coal across the 2030s and 2040s. 

  • Nations, including Australia, Indonesia and Japan have joined a UK Government initiative to drastically improve energy efficiency of appliances including lighting, refrigerators, and air conditioners. 

 
Youth and public empowerment

  • The UK's Education Minister has announced that the science curriculum will be changed by 2023, to include more information on nature and biodiversity and the impact which human activity is having on the climate and nature.  

 
Nature

  • Over 140 world leaders representing over 91% of the world’s forests and have signed up to a landmark deal to end and reverse deforestation by 2030. 

  • Over 40 nations have agreed to transition to a food/ agriculture system that is low-carbon, deforestation free, and that supports farmers.

At Platform, we welcome these actions for climate change as we continue our journey to embedding sustainability into our homes, communities, and business operations. You can read about our approach to improving environmental performance in our Corporate Strategy 2021-2026.

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