Browsing: Scotland

cop26
  • US, EU pledge to cut global methane and greenhouse gas emissions by at least 30 per cent by 2030.
  • 16 Southern African Development Community (SADC) states have recorded 36 per cent of all weather-related disasters in Africa.
  • China, the world’s largest emitter of methane, India and Russia are not part of a pledge to cut down emissions.

The 26th Conference of Parties (COP26) has demonstrated to the world action towards climate change is possible.

As heads of state converge and pledge crucial issues including, the US and European Union announced a global methane pledge, cutting emissions of greenhouse gas by at least 30 per cent by 2030.

The conference, which is attended by countries that signed the United Nations Framework Convention on Climate Change (UNFCCC), has been drawing international attention as climate change impacts the global economy, especially developing economies across the world.

In that context, Africa as a region …

Africa’s largest multinational companies are following the global trend that is in vogue – that of making ambitious goals and undertakings to reduce carbon emissions ahead of this month’s climate change conference to be held in Glasgow, Scotland.

Leading the pack is Africa’s largest lender by assets, the Standard Bank Group, which in October held a 2-day climate summit that was streamed online and ran under the theme ‘Africa’s Journey to Net Zero’. The summit was hosted in partnership with the Institute of International Finance (IIF) a global financial think tank which partners with financial services firms worldwide including the Standard Bank Group.  

More specifically the Institute of International Finance is the global association of the financial industry, with over 400 members from more than 70 countries. Its mission is to support the financial industry in the prudent management of risks; to develop sound industry practices; and to advocate for