As the UK drives climate action in the run up to the international climate change summit in Glasgow, it was revealed who the first sponsors for COP26 are going to be. SSE, ScottishPower, NatWest Group and National Grid are the first official sponsors who will support the delivery of a successful and ambitious COP26 next November.
By the moving of the conference to 2021, it’s hoped that it will not have to be held virtually or at least part of it will be in person. It also gives both diplomats and countries more time to generate increased commitment towards climate change and Glasgow more time to prepare for such a high-profile event as the host city.
All energy companies are now investing in low carbon technology and infrastructure while NatWest is the leading lender to the renewables sector. They have also committed to the “Science Based Targets” initiative to set ambitious goals to cut emissions and draw up credible action plans to achieve them.
The Science Based Targets initiative helps to:
- Mobilise companies to set science-based targets
- Boost companies’ competitive advantage in the transition to the low-carbon economy
- Define and promote best practice in science-based target setting
- Offer resources and guidance to reduce barriers to adoption
- Independently assess and approve companies’ targets.
Previous UN climate conferences have faced controversy over sponsorship from fossil fuel companies and other polluting interests. However, these partnerships demonstrate the COP26 presidencies’ commitment to working with companies who have credible carbon emission reduction plans that are in line with the Paris agreement.
COP26 President Alok Sharma said:
“I am delighted to announce our first sponsors for COP26, who have all shown ambitious climate leadership through setting net zero commitments and Science Based Targets. When it comes to climate action, we all have an important role to play. Only by continuing to come together can we build the zero carbon, climate resilient future that is essential for our people and our planet.”