PE Live: European majors pin hopes on Cop26

Global leaders must come together and agree to a carbon price, transparent reporting and other measures if the Paris targets are to be met

Pressure is building on national leaders to reach agreement on concrete measures to underpin the energy transition at the UN Cop26 meeting next year, a panel of experts agreed on a PE Live webcast last week.  Cop26, delayed due to the pandemic, will take place in Glasgow in less than a year. While targets have been set at previous meetings, notably the Paris Agreement at Cop21, an international framework to facilitate decarbonisation remains incomplete. Geoff Tuff, principal, Deloitte US, says the convening power of Cop “is more important than anything” in bringing nations to the negotiating table, including the US following the recent presidential election. He would also like to see “real t