outside the climate summit on glasgow s streets, some protesters distinctly unimpressed with the role of banks at the cop talks. inside, the world s finance ministers are promising to change the entire system in response to a ticking environmental clock. alarm clock rings. good morning, and welcome to cop26 finance day. the main result the world s banks, pension funds and insurers promising to invest and lend in a way consistent with net zero by 2050. that s £95 trillion of funds, or two fifths of the whole of globalfinance. so bankers and traders in suits are today s equivalents of the famous eco warriors of three decades ago, says the summit s president. you, my friends, are the new swampys, so be proud. can it really be the case that the bankers and financiers
editor, faisal islam. extinction. rebellion! outside the climate summit on glasgow s streets, some protesters distinctly unimpressed with the role of banks at the cop talks. inside, the world s finance ministers are promising to change the entire system in response to a ticking environmental clock. alarm clock rings. good morning, and welcome to cop26 finance day. the main result the world s banks, pension funds and insurers promising to invest and lend in a way consistent with net zero by 2050. that s £95 trillion of funds, or two fifths of the whole of globalfinance. so bankers and traders in suits are today s equivalents of the famous eco warriors of three decades ago, says the summit s president. you, my friends, are the new swampys, so be proud. can it really be the case that the bankers and financiers
every year, continuously. it is such a big ask, isn t it? it will be a real challenge. the one ray of hope here is that we have seen rapid progress in many clean energy technologies. solar prices have fallen by a factor of ten in the last decade, battery as well. 18% of new vehicles in china are ev. things are changing and they will change in the future. well, at the cop summit in glasgow, banks and investors have been making pledges towards fighting climate change. 130 trillion dollars has been set aside to finance the measures but there s criticism that they don t go far enough, and fast enough to prevent the world reaching that tipping point of extreme climate change. here s our economics editor, faisal islam. extinction. rebellion! outside the climate summit on glasgow s streets, some protesters distinctly
by a team of climate scientists, show that carbon dioxide releases into the atmosphere will rise by almost the same amount that they decreased in 2020, when many countries went into lockdown. the findings challenge efforts to limit global warming to 1.5 celsius the tipping point for dangerous climate change. researchers say that if present trends continue, we could exceed that limit in 11 years unless ambitious goals to cut emissions are achieved. at the cop summit, banks and investors have been making pledges towards fighting climate change. $130 trillion has been set aside to finance the measures but there s criticism that they don t go far enough, and fast enough to prevent the world reaching that tipping point of extreme climate change. here s our economics editor, faisal islam. extinction. rebellion! outside the climate summit on glasgow s streets,
that they decreased in 2020, when many countries went into lockdown. the findings challenge efforts to limit global warming to one point five celsius the tipping point for dangerous climate change. researchers say that if present trends continue, we could exceed that limit in 11 years unless ambitious goals to cut emissions are achieved. at the cop summit, banks and investors have been making pledges towards fighting climate change. $130 trillion has been set aside to finance the measures, but there s criticism that they don t go far enough, and fast enough to prevent the world reaching that tipping point of extreme climate change. here s our economics editor, faisal islam. extinction rebellion! outside the climate summit on glasgow s streets, some protesters distinctly unimpressed with the role of banks at the cop talks.