Post COP26 Analysis: A Focus on Finance
Climate finance remains an unresolved issue following COP26, little ground was made during negotiations on Loss & Damage and the $100 billion adaptation finance promised by developed countries over a decade ago; Private financiers emerged as a willing funding source for sustainability programmes, with both philanthropists and major companies expressing an interest in addressing gaps in climate finance; The Glasgow Climate Pact recommended a scaling back of fossil fuel subsidies, but many nations have already found loopholes to keep fossil fuels within their energy portfolios.