As the world leaders' summit at COP26 UN climate conference in Glasgow closes, Quilter Investors head of responsible investment Eimear Toomey, says the gathering has resulted in mixed outcomes.
The very fact that President Biden publicly condemned China and Russia for holding back progress is a clear signal that there will be no game-changer deal in Glasgow, Toomey said. There is no binary answer to the question of whether the summit was a success or not, she added. "It has been mixed". The Prime Minister positioned the summit around the four key areas of coal, cars, cash and trees, but it is only on trees that we've seen a global agreement, according to Toomey. Quilter Investor's outlined its key takeaways from the leaders' summit at COP26: Deforestation deal a success,...
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