#COP26 – Top Stories in Media – November 8

• UK pledges GBP 290 million to help countries prepare for climate change (The Independent)

“Diplomats and negotiators are hoping to raise further funding pledges from other countries to add to the billions already raised from states including Australia, Canada, Denmark, Japan, New Zealand, Norway, Switzerland and the US.”

• Canada allocates 20% of climate funding to tackle biodiversity loss (Global News)
• USD 30 billion investments committed during Vietnam PM’s Europe business trip: official (Tuoitrenews)
• Australia ‘a great disappointment’ by ‘clinging to coal-fired power’, Britain’s climate tsar claims (Daily Mail)

• COP26 climate summit shifts from pomp and promises to difficult negotiations (Washington Post)
• Nervous PM warms up for a climate deal rescue mission (The Times)
• Greenpeace accuses oil-rich Saudi Arabia of blocking climate negotiations (SCMP)
• Could Brazil hold up climate talks for a third year in a row? (News247)
• COP26 negotiators turn to Plan B as climate pledges fall short (WSJ)

“Negotiators from key governments, including the US and the European Union, are no longer banking on a few big developing countries to come up with deeper cuts during the summit itself, according to officials. Instead, they plan to spend the rest of the conference negotiating how to push governments to make new, more ambitious pledges in the near future.”

• COP carbon-market talks struggle as US lines up behind EU (Bloomberg)

“Developing countries want a percentage of the proceeds from trading all types of carbon credits to be channeled to poor nations. But the US – along with the European Union – has objected to applying such a levy to the bilateral exchanges.”