The climate summit is being held in Glasgow in the U.K. This year is the 26th iteration of the UNFCCC conference, which is called COP26. A COP-an acronym for conference of the parties-has taken place every year since 1995, except last year, when it was canceled due to Covid-19.

The meeting is officially called the 26th Conference of the Parties to the United Nations Framework Convention on Climate Change. agreed to cooperate more closely on climate in coming years. There have been smaller successes over the course of the two-week event: In the first few days, world leaders agreed to try to stop deforestation, limit methane emissions and retool the world’s financial plumbing to stoke investment in lower-emissions energy. The deal also set up rules that proponents hope will lay the foundation for a global carbon-credit trading market. For the first time, countries agreed to “phase down” coal and inefficient fossil-fuel subsidies. The deal requests countries to revisit their emissions-cutting pledges in 2022 but lacks enforcement, and the call is voluntary.

Climate negotiators from nearly every country agreed Saturday night in Scotland to a deal they hope will lead to steeper emission cuts-to levels scientists hope will limit global warming.

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