1. In the run-up to COP26, Turkey, Russia, Saudi Arabia, Australia, and India announced net zero emissions/carbon neutrality targets, including during COP26. With these announcements, all G20 nations have now announced net zero emissions/carbon neutrality targets. 2. COP26 saw the adoption of rules for an international carbon market in connection with Article 6 of the Paris Agreement, aimed at avoiding carbon credit double counting and facilitating credit trading, which means the completion of detailed Paris Agreement rules. In addition, a work programme was established for scaling up 2030 targets and a decision was made to convene an annual high-level ministerial roundtable. With regard to climate finance, a decision was made to establish an ad hoc work programme and convene high-level ministerial dialogues aimed at setting a new collective quantified goal that will replace the existing goal, which is to mobilize $100 billion per year between 2020 and 2025.
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