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What’s Next After Cop26?

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“Let’s make the right choice”

By: Maha Altamimi

Our earth is being consumed by climate change and the rising carbon levels from the combustion of fossil fuels have been driving global temperatures higher and higher.

Several important side agreements were announced during COP26, the UN climate conference in Glasgow.

The most significant were pledges by the US and China to boost their climate cooperation including the transition to clean energy, and a commitment by over 100 countries representing about 85% of the world’s forests to stop deforestation by 2030.

There was also another commitment by more than 100 countries to cut 30% of current methane emissions by 2030 in which methane is one of the most potent greenhouse gases.

“COP26 was never going to solve all the problems of the planet in a fortnight. But what it has done is give renewed impetus to the global effort to tackle climate change.” -Sir James Bevan. 

Sir James Bevan has presented and discussed his three messages on where we need to move next, depending on the COP26 agreements. The first is a warning – about the risks, including to your businesses. The second is an insight: that successfully tackling the climate emergency offers massive investment opportunities for you and the rest of the business world. And the final message is a call to arms.

A warning:

“Any bank, business or organization which does not rise to the climate challenge will go the way of the dinosaurs.” -Sir James Bevan. And as more nations move to net zero, fossil fuels will increasingly need to stay in the ground. Smart companies, including smart banks, are divesting themselves of what will soon be stranded assets. 

Insight; a massive investment opportunity:

He suggested that investing in tackling climate change is one of the best investments possible.

A call to arms:

James Bevan reaffirms that however successful COP26 was, none of us is as good as all of us. Governments, corporations, non-governmental organizations, and individuals cannot address the climate crisis alone. But we can do it if we all work together.

“Our choices matter, and in tackling the climate emergency our financial choices matter more than ever.” he said.