![\"\"](\"https:\/\/www.7thstep.org\/blog\/wp-content\/uploads\/2016\/05\/hedgehog-looks-binoculars.png\")
COP 26 Day 3 | Who’s paying for it?<\/h2>\nCOP 26 Day 3 | Who’s paying for it?<\/h2>\n<\/p>\n
Euronews Green delivers a Special COP26 email to my mailbox every day during the two weeks it is running (01-12 November 2021). I’ll publish it in its entirety for those who are interested. This is the second in the series.<\/p>\n
With world leaders gone and their big speeches delivered, COP26 negotiators turned their focus to money on Tuesday.<\/p>\n
Cash pledges<\/u><\/a> from both governments and the private sector poured in as COP26 Finance Day wrapped up.<\/p>\n The UK presidency said that wealthy countries would deliver on their promise to provide $100 billion a year<\/strong> (\u20ac86 billion) to finance climate-related projects in the developing world, after failing to meet the initial 2020 target.<\/p>\n And in one of today\u2019s most discussed announcements, the world’s largest financial players pledged a massive $130 trillion (\u200b\u200b\u20ac112 trillion) of private capital <\/strong>to decarbonise the economy, while the UK vowed to become \u201cthe world\u2019s first net-zero aligned financial centre.\u201d<\/u><\/strong><\/a><\/p>\n But climate activists were calling for scrutiny <\/u><\/a>of investors’ motives, warning that the same financial players who profited from fossil fuels were now posing as green champions.<\/p>\n If you weren’t able to follow along on Tuesday, here are the six key takeaways <\/u><\/a>from day 2 of COP26.<\/p>\n The Indian Prime Minister\u2019s announcement that the country will reach net zero emissions by 2070 has been met with mixed reactions from COP-watchers. But environmental campaigners say it is \u201cdeeply unfair\u201d to blame middle-income countries for the climate crisis. “Carbon budgets” is one of the most-often mentioned terms at the COP26 talks in Glasgow, but many are wondering who set them and what role they play in fighting climate change. New Zealand has introduced a new law that forces its financial institutions to disclose their climate impact. These other countries have already taken similar steps COP 26 Day 3 | Who’s paying for it? Euronews Green delivers a Special COP26 email to my mailbox every day during the two weeks it is running (01-12 November 2021). I’ll publish it in its entirety for those who are interested. This is the second in the series. Today’s takeaway With world leaders […]<\/a><\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[3723,4695,3831],"class_list":["post-45741","post","type-post","status-publish","format-standard","hentry","category-politics","tag-climate-change","tag-cop26","tag-world","category-5-id","post-seq-1","post-parity-odd","meta-position-corners","fix"],"_links":{"self":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts\/45741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/comments?post=45741"}],"version-history":[{"count":0,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts\/45741\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/media?parent=45741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/categories?post=45741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/tags?post=45741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nAt a glance<\/strong><\/span><\/h3>\n
![](\"https:\/\/www.7thstep.org\/blog\/wp-content\/uploads\/2021\/11\/Image-2021-11-04-at-11.03.20-AM.jpeg\")
<\/h4>\nDon’t blame the climate crisis on India and China, campaigners urge<\/h4>\n
\nRead more<\/a><\/p>\n![](\"https:\/\/www.7thstep.org\/blog\/wp-content\/uploads\/2021\/11\/Image-2021-11-04-at-11.04.13-AM.jpeg\")
<\/p>\nWhat is the ‘carbon budget’, the latest term coming out of COP26 talks?<\/h4>\n
\nRead more<\/a><\/p>\n![](\"https:\/\/www.7thstep.org\/blog\/wp-content\/uploads\/2021\/11\/Image-2021-11-04-at-11.04.49-AM.jpeg\")
<\/p>\nThese countries are forcing banks to reveal their climate impact<\/h4>\n
\nRead more<\/a><\/p>\n
\nSocial exclusive<\/strong><\/span><\/h3>\n
![](\"https:\/\/www.7thstep.org\/blog\/wp-content\/uploads\/2021\/11\/Image-2021-11-04-at-11.34.48-AM.jpeg\")
<\/p>\n","protected":false},"excerpt":{"rendered":"