A New Era For The ESG World: COP26 Finalizes Paris Agreement

Around 20,000 people from 196 countries gathered in Glasgow in November for the United Nations COP26 climate summit. At the summit, countries reported how far they have come in the fight against the climate crisis and discussed the action plan to keep global warming below 1.5 degrees Celsius. During the discussions, it was stated that many countries have fallen behind their commitments to tackle the climate crisis, while it was determined that the climate commitments of six countries, including Turkey, were "critically inadequate".

What is COP26?

Conference of the Parties (COP) is the annual United Nations Climate Change Conference, which was held for the 26^th time this year. "The Parties" are the 197 signatories (196 countries and the EU) of the United Nations Framework Convention on Climate Change (UNFCCC), which was agreed in 1994. Thanks to the UNFCCC, developed and developing countries have formalized their commitment to jointly fight against the climate