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How firms can reap from climate change
A protestor holds a placard during a Youth for Climate and the Klimaatcoalitie (Climate Coalition), rally outside of the offices of Flemish Minister for environment, in Brussels on Tuesday. PHOTO | AFP
COP26 is coming to a close and it is business unusual based on the commitments being made by nations. There is a high level of urgency and focus, which is what we need on matters climate change and truly, real commitments are being made with real money backing them.
For instance, the Biden administration has committed $11.4 billion for climate financing, while Tokyo has pledged $10 billion over the next five years. My expectation is that commitments from COP26 will go well beyond $100 billion for 2022.
