First sponsors for COP26 announced with one year to go until the climate summit

17/11/2020 11:49
Nov - First sponsors for COP26 announced with one year to go until the climate summit.jpg

The UK has today revealed its first sponsors for COP26 as it drives climate action in the run up to the international climate change summit in Glasgow.

SSE, ScottishPower, NatWest Group and National Grid are the first Principal Partners who will support the delivery of a successful and ambitious COP next November.

The Principal Partners represent some of the leading lenders, investors and energy companies in the UK.

These partnerships demonstrate the COP26 Presidency’s commitment to working with businesses who have credible science-based carbon emission reduction plans that are in line with the goals of the Paris Agreement.

ScottishPower, SSE and National Grid are investing in low-carbon assets and infrastructure as part of the UK’s drive for a decarbonised economy by 2050 at the latest.

Today, the three energy firms confirmed they are developing ambitious plans to develop a multi-billion pound underwater super-highway that will see the North Sea become the hidden power house of Europe, supporting the UK supply chain and delivering hundreds of green jobs throughout construction and operation

NatWest Group is one of Britain’s largest lenders to the renewable energy sector in the country, and has committed to provide an additional £20 billion of funding for Climate and Sustainable Finance (2020-2022) to help accelerate the transition to a low carbon economy.

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."

Read the full story here.

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