At this year’s United Nations Climate Change Conference, also known as COP26, top world leaders are both reviewing progress made since the 2015 Paris Accords and also looking ahead as they negotiate new, more ambitious targets for the years to come.
The meeting is taking place in Glasgow, Scotland.
A number of announcements have been made in this regard in recent days, and we will leave it to the experts to analyze their significance. Of particular interest to us is the declaration by six major car manufacturers – among them Ford, General Motors and Mercedes-Benz - and 30 national governments, which have signed a pledge to stop sales of new gasoline and diesel vehicles by 2040 globally, and by 2035 within major markets.
That's good news, but there's a catch. The governments of three of the largest automotive markets - the U.S., China and Japan - have not signed on to the commitment, nor have some major manufacturers such as Toyota, Volkswagen and the Renault-Nissan Group.