At COP26, governments and nations agreed on the Glasgow Climate Pact, which states that carbon emissions will have to fall by 45% by 2030 to keep the Paris Agreement's goal of 1.5°C alive. The Pact urges global companies to reassess their business strategies and carbon footprints in order to avoid dire consequences.
As more global commitments are made, the pressure to reduce emissions builds. So far, over 100 nations have pledged to cut 30% of their methane emissions by 2030. And over 450 financial institutions overseeing $130 trillion in assets said they were committed to aligning their portfolios to achieve net-zero emissions by 2050.
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