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Glasgow COP26: Financiers with $130-trillion purse make climate vows

An announcement made at the COP26 UN climate conference in Scotland commits its over 450 signatories to assuming a "fair share" of the effort to wean the world off fossil fuels.

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COP is the acronym for the conference of parties that’s now in its 26th round. (Photo: Shutterstock)

Reuters Glasgow
Banks, insurers and investors with $130 trillion at their disposal pledged on Wednesday to put limiting climate change at the centre of their work, and got support in the form of efforts to put green investing on a firm footing.
 
An announcement made at the COP26 UN climate conference  in Scotland commits its over 450 signatories, who account for around 40 per cent of the world’s capital, to assuming a “fair share” of the effort to wean the world off fossil fuels.
 
A main aim of the COP26 talks is to secure enough national promises to cut greenhouse gas emissions

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