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Analysis: COP26 message to business: clean up to cash in

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Delegates talk during the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain November 13, 2021. REUTERS/Yves Herman/File Photo

  • New Carbon market rules set to drive investments
  • 1.5C target adds pressure for more net-zero plans
  • Scrutiny of fossil fuels could shake-up industries

GLASGOW, Nov 14 (Reuters) – The hard-fought Glasgow Climate Pact sent a clear message to global companies and executives: reassess business strategies and carbon footprints to reap monetary rewards, or lag and risk losses.

The deal announced late Saturday, ending two weeks of fraught negotiations between nearly 200 nations, pushes countries to do much more to curb climate-warming carbon emissions. That pressure will increasingly be imposed on investment and industry to bring emissions associated with their businesses in check.

The Glasgow pact also delivered a breakthrough on rules for governing carbon markets, and took aim at fossil fuel subsidies.

Beyond the political…

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