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One key goal of COP26 is to ratchet up these targets to reach net-zerocarbon emissions by the middle of the century. Another aim of COP26 is to increase climate finance to help poorer countries transition to clean energy and adapt to climate change. ClimateActionTracker. degrees Celsius.
The finance minister, in particular, has come under criticism for her slow response to recommendations that would establish a “transition taxonomy” – essentially, a menu of climate-friendly investments – as well as details of promised tax credits that would spur private funding for clean energy investments.
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