The COP26 Summit held in Glasgow concluded with the participating countries to strengthen their commitments towards their carbon-cutting pledges towards 2022-end. The countries need to work on the execution of a new framework to limit their carbon emissions.
Also, the nations need to accelerate their efforts to cut their coal and fossil fuel usage.
It is pointed that the Kiwi nation is the world’s first country to pass legislation mandating reports on climate-related risks associated with large companies and financial institutions.
NZ has launched a framework to go carbon neutral by 2050 and has introduced green bonds to fund renewable energy projects.