The climate clock is ticking. We’re in the midst of rising global temperatures, warming oceans, and melting ice sheets. It’s imperative that we do something about it. COP26 was our latest attempt to bring governments together to discuss how we can collectively solve the issue of global warming. But how do we ensure the promises at COP26 are delivered, and that real, actionable change is achieved? Let’s find out.
What happened at COP26?
In 2021, the United Nations Climate Change Conference (COP26) was held in Glasgow, Scotland. It provided world leaders with a chance to review the promises that were made in 2015 and to see whether or not any positive strides had been made in regard to climate goals. Throughout the two week conference, delegates heard from various individuals involved in the battle against the changing climate, and lots of negotiations took place behind closed doors. The discussions culminated in a last-minute deal that saw a collection of nations agree to the following:
- Keep 1.5 degrees with9in grasp and achieve global net-zero by 2050.
- Protect vulnerable ecosystems and communities.
- Ensure developed countries and financial institutions within contributing at least $100bn in climate finance annually.
- Improve collaborative efforts and ensure actions are taken in the future.
These four goals represent the overarching agreements made in Glasgow, but nations also made a range of other promises that played into them. For instance, 151 countries agreed to slash their emissions by 2030 and keep the target of 1.5 degrees on the table. What’s more, after 2025, developed nations agreed to a robust process that will ensure funding targets are met after the 2020 target was missed. As a result of negotiations in Glasgow, forty nations have agreed to phase out coal, and 100 nations have agreed to end deforestation by 2030.
Will these promises result in action?
Although promises can be broken, there’s real optimism that the plans laid out at COP26 will be a success. But we need to see action before getting carried away. Individual responsibility, collective activism, and voting are all crucial in holding governments to account and ensuring that these climate promises are not swept under the carpet. Studies have found that as few as 100 companies are responsible for an incredible 71% of global emissions. It’s so important that we don’t fall for greenwashing policies, which is why activist investing can play such a crucial role in the fight against climate change.
The role of activist investing in climate change
While reducing our individual carbon footprints and recycling our waste can help, they’re not enough on their own to solve the climate crisis. Coming together and taking collective action will ensure our governments don’t ignore their COP26 pledges. Activist investing is one example of collective action that companies simply can’t ignore.
Take Tulipshare’s Coca-Cola campaign as an example. Coca-Cola is one of the world’s leading contributors to plastic waste and litter. They have committed to producing their plastic bottles with at least 50% of recycled waste, but Tulipshare doesn’t think that’s good enough. They’re demanding that Coca-Cola uses 100% recycled material in its packaging by 2030, and if enough investors join the campaign, Coca-Cola will have to sit up and take note.
If you’re serious about holding the world’s largest polluters to account, activist investing is your chance to do something about it, and Tulipshare is the perfect platform to help you have your voice heard.