Upon the release of the draft COP26 decision, Guenther Thallinger, Chair of the UN-convened Net-Zero Asset Owner Alliance, made the following statement:
“COP26 can be the start of a multi-year platform for accelerating policy action. The new Glasgow pledges and initiatives do represent progress, yet these are not sufficient to avoid dangerous climate change. Asset owners support the COP26 presidency proposal for countries to revisit and strengthen 2030 emission reduction targets by the end of next year.
Countries should go further and develop together with the private sector transformation plans with energy provision in 2025 and 2030 at the core.
The private sector must continue to elevate ambitions and should commit to 5-year climate impact reduction targets. 2030 targets are important but 2030 is already the next decade.”