COP26 Net Zero Commitments will Speed Energy Transition, Increase Pressure on Industries, According to Moody’s Report

climate change g8fbd51a33 1920 COP26 Net Zero Commitments will Speed Energy Transition, Increase Pressure on Industries, According to Moody’s Report

Takeaways:

  • At the end of COP26 the financial sector made a pledge to determine a clearer path to how decarbonization would take place.
  • Organizations said that they would align their portfolios with science-based targets to achieve these goals
  • Industries and countries that rely on carbon-intensive production will be forced to find efficient and cleaner energy options
  • If these new pledges are achieved, it would cover 70% of the emissions reductions required to reach the IEA’s Sustainable Development Scenario by 2050. […]

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