Policing of Net-Zero Claims to Take Shape in 2022, UN Chief Says

The COP26 climate summit has seen a deluge of pledges to fight global warming. The most eye-popping came last week, when the Glasgow Financial Alliance for Net Zero announced that more than 450 firms representing $130 trillion of assets had signed up.

But the headline number was met with skepticism as climate activists and nonprofits questioned whether big finance is capable of rapidly weaning itself off fossil fuels. Signatories, meanwhile, continue to chase deals that look set to increase their carbon footprint.