Asset management industry sees silver lining in watered down COP26 deal

Investors should see opportunities

Before it started, COP26 was the “last, best hope” to save the planet. Halfway through, optimism faded amid questions of whether the climate talks were a success or failure.

Now, asset managers say the Glasgow Climate Pact did not go far enough in solving the climate crisis but moved the needle in the right direction, if only by a very small increment. Almost 200 delegates to the United Nations' Climate Change Conference reached an agreement on the Glasgow Climate Pact, after some last-minute compromise over the exact wording of the deal. COP26: World leaders agree climate change deal but coal phaseout text 'watered down' As part of the climate deal, countries reaffirmed a "long-term global goal...