#COP26 – Top Stories in Media – November 4

• 190 countries and organisations agree to end coal-fired power (The Independent)

“A group of 190 countries and organisations will agree to commit to the end of coal power at the COP26 climate summit… Major coal countries Poland and Vietnam are among 18 nations committing to phase out the use of the world’s dirtiest fossil fuel for the first time.”

• Indonesia and Philippines join plan to shut coal plants early (Bloomberg)

“The Asian Development Bank has launched a plan that aims to help Indonesia and the Philippines retire 50% of their coal fleet over the next 10 to 15 years. The plan, called the ‘Energy Transition Mechanism,’ comprises two multi-billion-dollar funds.”

• New body to oversee global sustainability disclosure standards (FT)

“The IFRS Foundation said at the COP26 climate conference on Wednesday that it would form the International Sustainability Standards Board (ISSB), which will be tasked with creating a single set of standards ‘to meet investors’ information needs’.”

• ‘It will save the world’: Put Africa at heart of climate fightback, COP26 told (The Independent)
• COP26 negotiators make progress on carbon-trading rules (WSJ)
• Al Gore sees ‘subprime carbon bubble’ with USD 22 trillion tag (Bloomberg)