The parade of announcements last week from world leaders, finance figures and climate diplomats at the COP26 summit culminated in a weekend parade of protesters through Glasgow, Scotland. The message from the thousands carrying placards around the venue of the meeting is one most insiders would agree with: The progress is still not enough to avoid catastrophe.
It¡¯s the stark reality of the climate fight. As governments, businesses and money managers increase their ambitions to cut emissions, even taken at face value and assuming maximum follow-through, the pledges being made at COP26 don¡¯t add up to temperatures that remain below the increase of 1.5 degrees Celsius enshrined in the Paris Agreement.
¡°Keeping 1.5 alive¡± has been an unofficial motto of this year¡¯s climate talks. It appears to be an item on the checklist that will remain unfulfilled. That doesn¡¯t mean there hasn¡¯t been some progress. Here¡¯s a recap of what has been achieved as the climate summit heads into its second and final week.
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