World business leaders want the upcoming United Nations climate summit to resolve issues that have so far hindered the use of carbon pricing to cut worldwide emissions, looking to boost the role that companies play in slowing global warming.
Developed nations are set to be three years late meeting a pledge to commit a total of $500 billion to help poorer countries tackle climate change and realize this has damaged mutual trust, Alok Sharma, the president of the upcoming COP26 climate conference, said on Monday.
Britain's financial watchdog set out rules for a new type of fund for investing over the longer term to help tackle climate change and economic recovery from COVID-19, while ruling out daily redemptions to avoid suspensions in rocky markets.
U.S. climate envoy John Kerry said on Monday the private sector has to step in to help governments achieve emission targets, adding carbon emissions are not about politics or ideologies, but "about science".
Saudi Arabia's crown prince launched a Middle East Green Initiative on Monday which he said aimed to secure 39 billion riyals ($10.4 billion) for an investment fund and clean energy project as part of efforts to reduce regional carbon emissions.