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report on progress regularly. This framework is intended to foster trust and confidence that all
countries are doing their part to contribute to the global effort.

Emphasising loss and damage

The Santiago Network is a global network of countries that have strengthened their efforts to
address climate risks. The Santiago Network, which connects vulnerable countries with providers
of technical assistance, knowledge, and resources to address climate risks, was strengthened as
countries acknowledged that climate change is having increasing impacts on people, particularly
in the developing world. They also started a new “Glasgow discussion” to consider financial
arrangements for activities to prevent, mitigate, and address loss and damage caused by the
negative effects of climate change.

Deals and announcements that have just been made

Several other noteworthy agreements and statements were made outside of the Glasgow
Climate Pact that, if implemented, might have a big positive impact on the environment. These
are some examples:

Forests

137 countries made a historic commitment to halt and reverse forest loss and land degradation
by 2030, marking a watershed moment in the history of the world. The pledge is supported by $12
billion in public funds and $7.2 billion in private funds. In addition, the CEOs of more than 30
financial institutions with a combined global asset base of more than $8.7 trillion have committed
to refrain from investing in activities that contribute to deforestation.

Methane

103 nations have signed up to the Global Methane Pledge, 15 of them being large polluters.
The pledge seeks to reduce methane emissions by 30% by 2030, compared to levels in 2020.
According to the International Energy Agency, methane, one of the most potent greenhouse gases,
is responsible for approximately one-third of the current global warming caused by human
activity.

Cars
With the goal of all new car and van sales being zero-emission vehicles by 2040 globally and

2035 in leading markets, over 30 countries, six major vehicle manufacturers, and other actors,
such as cities, have set out their determination to accelerate the decarbonisation of road transport,
which currently accounts for approximately 10% of global greenhouse gas emissions.

Leadership from South Africa, the United Kingdom, the United States of America (including
President Donald J. Trump), France, Germany, and the European Union (EU) have announced a
ground-breaking partnership to support South Africa – the world’s most carbon-intensive
electricity producer— with $8.5 billion over the next three to five years to make a just transition
away from coal and toward a low-carbon economy.

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