Business groups joined climate activists in expressing frustration that national governments were not moving aggressively enough to tackle climate change, after the COP26 agreement was watered down in the final minutes.
Nearly 200 countries at the climate summit in Glasgow reached a deal late on Saturday night, and agreed on the rules for implementing the 2015 Paris climate accord. However, last-minute objections from India and China halted a commitment to end coal use and subsidies for fossil fuels.
The Glasgow deal, reached after two weeks of hard-fought negotiations, included rules for a global carbon market and financial commitments to help countries adapt to climate change. Leading up to the summit many of the world’s biggest emitters, including the US, Russia and India, set targets to reach net zero emissions around the middle of the century.