Are financiers greenwashing COP26?
Quartz reports: COP26 is nominally about reducing carbon emissions, but in practice it’s largely about capital—namely moving more of it into clean energy and climate adaptation and away from fossil fuels. In the first two days of the UN’s COP26 climate summit, several rich countries promised to do this, pledging more climate finance to poorer countries: $10 billion from Japan, $7 billion from Italy, $260 million from Ireland. Scotland became the first country to officially take responsibility for “loss and…