In an interview with CNBC's Steve Sedgwick on Thursday, Patricia Espinosa, the executive secretary of the United Nations Framework Convention on Climate Change, was asked how she viewed the progress made at Glasgow and if it was enough.
"I feel really encouraged by what … we have seen so far," she said. "Of course, we're coming to this conference with the clear message that the numbers we have in terms of emissions are not good," she added. "So that means that we really must come out of here with clarity on how we are going to move forward."
Espinosa was speaking after COP26's "Finance Day" on Wednesday. Among other things, U.K. Finance Minister Rishi Sunak announced plans for the country to become the "first-ever net zero aligned financial center." Elsewhere, the Glasgow Financial Alliance for Net Zero said more than $130 trillion of private capital had been "committed to transforming the economy for net zero."
"What we have seen here," Espinosa said, "these 120 heads of state and government … the Finance Day with ministers, heads of international financial institutions, people from [the] private sector also making pledges, announcing initiatives, I think there is ... really a reason to be, to be hopeful ... cautiously optimistic."
Are you reporting the news or your biased opinion? Love the way you put your own bias into your posts as headlines! I believe nothing you write or say.
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