The business wants to take action after the COP26 agreement is terminated

Trade unions have joined forces with climate change activists to express their frustration that local governments are not doing enough to tackle climate change, with the COP26 agreement being finalized at the last minute.

About 200 countries at a climate summit in Glasgow agreed on Saturday night, and agreed on the terms of the 2015 climate change agreement in Paris. However, last-minute protests from India and China halted their commitment to eliminating coal use and funding burning oil.

The Glasgow Agreement, reached after two weeks of lengthy negotiations, incorporated global carbon market regulations and economic commitments to help countries adapt to climate change. At the beginning of the conference, most of the world’s largest emissions industry, including the US, Russia and India, set targets for zero emissions in the Middle Ages.

Even the world leaders received a warm welcome moreover, many said it did not go far enough. Some have complained that companies are showing up faster than most governments when it comes to global warming.

John Denton, secretary-general of the International Chamber of Commerce, said “a concerted effort” would be needed in the coming months to achieve the goal of reducing global warming to 1.5C from pre-industrial times. Temperatures have already risen 1.1C.

This alliance, of course, is not a cause for celebration

“We thank the governments for their courageous efforts to achieve unity in Glasgow. . . but the agreement, of course, is not a celebration, ”he said.

Mindy Lubber, chief of Ceres, a nonprofit corporation in the United States with businesses representing $ 47tn in the stock market, said: “Investors and companies around the world have shown that they support the goals of the Paris Agreement.”

“But taking action on their own is not enough,” he said.

Nigel Wilson, chief of the Insurance and Investment Legal & General team, said: “The world strongly believes in the need to take action and send,” Siemens boss Carl Ennis said. here, right now ”.

Tony Danker, CBI chief executive, said “negotiators, business partners should continue to work” through Glasgow to keep the 1.5C target.

“The pressure will fall on those who are negotiating to return to the table [at the next meeting in Sharm el-Sheikh, Egypt, in 2022], ”He said.

The Glasgow conference was big business, which is not uncommon for seasonal meetings. “I’ve seen more CEOs here in the last eight days, than I have ever seen in the last eight years for COPs,” said Jules Kortenhurst, chief of RMI, a think tank based in Colorado.

The agreement, which came to an end on Saturday night, strongly criticized those who want a pledge to end coal-fired power collectively, including small island nations.

Jennifer Morgan, chief executive of Greenpeace International, said COP26’s results were “mild” and “weak” but she still sent a signal of the end of the coal season.

“Glasgow was designed to close tightly up to 1.5C and it didn’t happen,” he said.

Boris Johnson, the UK Prime Minister, acknowledged his “delight” in securing a new agreement but added that the results were “disappointing” after the coal language was changed too late.

“Unfortunately, this also happens. . . “We cannot persuade sovereign states to do what they do not want to do,” he said. However, he emphasized that the agreement was “a major step forward” in the global fight against climate change.

“There is no doubt that Glasgow has said it is killing coal-fired power,” he told a news conference Sunday. “Of all the disappointments, the world is moving in the right direction.”

Johnson tried to ignore the fact that the term agreed to “come down” instead of “exit” using flammable fuel, adding that “the process is very similar”.