COP26: Leaders Looking To Increase Green Technology Investment

Countries around the world have set themselves ambitious targets to reach net-zero, however it is widely acknowledged that a large proportion of the technologies relied upon are not yet at a technology readiness level to support these goals. In order to help address this, world leaders at the climate summit COP26 in Glasgow have announced a plan to encourage private investment in green technologies.

Technological innovation is likely to be key in countries being able to achieve their climate goals. Many of the technologies that will be required for governments to hit their targets are not yet commercially available and require significant development to increase performance and reduce costs. Private investment and government support are key parts of the innovation ecosystem, and leaders at COP26 in Glasgow announced an initiative to back global markets for green technology. The aim is that with increased support, green technologies will become a more