{"id":41115,"date":"2026-02-12T19:14:59","date_gmt":"2026-02-12T19:14:59","guid":{"rendered":"https:\/\/financialrush.com\/?p=41115"},"modified":"2026-02-12T19:14:59","modified_gmt":"2026-02-12T19:14:59","slug":"un-climate-summit-to-woo-business-investment-as-turkey-takes-the-baton","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=41115","title":{"rendered":"UN climate summit to woo business investment as Turkey takes the baton"},"content":{"rendered":"<p> \n<\/p>\n<div>\n<p>Unlock the Editor\u2019s Digest for free<\/p>\n<p class=\"article__content-sign-up-topic-description o3-type-body-base\"><span>Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.<\/span><\/p>\n<p><iframe class=\"article__content-sign-up-iframe close\" scrolling=\"no\" id=\"signUpIframe\" data-prev-url=\"\/register\/in-article-sign-up?ft-content-uuid=4d10659b-7987-4c74-a423-5c197e392e35\"><\/iframe><\/div>\n<div id=\"article-body\">\n<p>The UN is seeking to draw corporate leaders back to global climate talks, arguing that the summit process is entering a \u201cnew era\u201d that is focused less on pledges and will bring more opportunities for investment.<\/p>\n<p>The approach comes as many companies have backtracked on green pledges amid a political backlash led by US President Donald Trump, who has attacked clean energy policies and withdrawn from the UN climate treaty, and as economic pressures weigh on boardroom priorities.<\/p>\n<p>Simon Stiell, executive secretary of the <a href=\"https:\/\/www.ft.com\/stream\/12d4bd7d-a53d-4a2a-9beb-a0210baace16\" title=\"\" data-trackable=\"link\">UN climate arm<\/a>, said efforts to address climate change would not be met \u201cwithout bringing the real economy closer into the COP process\u201d.<\/p>\n<p>\u201cThis new era is about speeding up and scaling up implementation [of UN agreements], which will mean new opportunities for corporate and financial leaders,\u201d Stiell told the FT.<\/p>\n<p>Business needed to engage more directly with policymakers on \u201cbig sectoral dealmaking\u201d in areas such as food and agriculture, as well as renewable energy, electrification and climate resilience, he said.<\/p>\n<p>Despite what Stiell described as a \u201cnew world disorder\u201d and unprecedented strains on international co-operation, he argued that the shift towards a lower-carbon economy was gathering pace.<\/p>\n<p><a href=\"https:\/\/www.ft.com\/content\/6521ce38-ad54-45e3-8922-ea6dd1316940\" title=\"\" data-trackable=\"link\">Global investment in clean energy technology<\/a> reached $2.2tn in 2025, double the $1.1tn spent on fossil fuels, according to the International Energy Agency. China accounted for more than a quarter of global energy investment, spending over $600bn on clean energy in 2024.<\/p>\n<p>\u201cLeaders of major economies like China, the EU and almost all others are calling it the trend of the future, and a central driver of growth and jobs,\u201d Stiell said.<\/p>\n<p>At the COP28 summit in Dubai, nearly 200 countries agreed to triple renewable energy capacity and double energy efficiency by 2030 and to transition away from fossil fuels by mid-century. <\/p>\n<p>While business leaders were highly visible at meetings in Glasgow, Sharm el-Sheikh and Dubai, corporate attendance was notably thinner at subsequent gatherings in Baku and Bel\u00e9m \u2014 the latter partly hindered by the logistics of its Amazonian location.<\/p>\n<figure id=\"zasujuab\" class=\"n-content-image n-content-image--full\" data-component=\"image-set\"><picture><source media=\"(min-width: 700px)\" srcset=\"https:\/\/images.ft.com\/v3\/image\/raw\/ftcms%3Ad9085069-a9a2-4e5c-aef7-1a3cf0231ebb?source=next-article&amp;fit=scale-down&amp;quality=highest&amp;width=700&amp;dpr=1 1x,https:\/\/images.ft.com\/v3\/image\/raw\/ftcms%3Ad9085069-a9a2-4e5c-aef7-1a3cf0231ebb?source=next-article&amp;fit=scale-down&amp;quality=highest&amp;width=700&amp;dpr=2 2x\" width=\"1726\" height=\"1150\"\/><\/picture><figcaption class=\"n-content-picture__caption o3-editorial-typography-caption\"><span>Turkey\u2019s minister of environment and climate change Murat Kurum, centre, said public and private sector collaborations would be prioritised<\/span><span> <!-- -->\u00a9 AFP via Getty Images<\/span><\/figcaption><\/figure>\n<p>Speaking in Turkey on Thursday, Murat Kurum, the incoming president of the COP31 to be held in Antalya, said this year\u2019s summit would focus on \u201cconcrete results\u201d including investment commitments.<\/p>\n<p>\u201cInvestment, policy alignment, and concrete implementations supported by public and private sector collaborations will be prioritised,\u201d he said. <\/p>\n<p>In launching its effort in Antalya, the Turkish hosts failed to mention the central issue of a so-called roadmap to transition from fossil fuels. <\/p>\n<p>Despite efforts by a group of countries to embed it into the COP30 agreement in Brazil, it failed to be included. Brazil has said it would lead the push for a \u201ccoalition of the willing\u201d by developing its own roadmap, and encourage other nations to follow suit.<\/p>\n<p>Turkey\u2019s COP31 launch presentation focused largely on tourism and waste management, however. Turkey\u2019s first lady Emine Erdo\u011fan in 2017 launched a \u201czero waste\u201d initiative that promotes individual action and the so-called circular economy. It was a key supporter of the Turkish bid to host the UN climate summit.<\/p>\n<div class=\"n-content-layout\" data-layout-name=\"card\" data-layout-width=\"full-width\">\n<div class=\"n-content-layout__container\">\n<h3 id=\"climate-capital\" class=\"n-content-heading-3 o3-editorial-typography-subheading\">Climate Capital<\/h3>\n<div class=\"n-content-layout__slot\">\n<figure class=\"n-content-image n-content-image--full\" data-component=\"image-set\"><picture><source media=\"(min-width: 700px)\" srcset=\"https:\/\/images.ft.com\/v3\/image\/raw\/ftcms%3A384cfd92-a50b-4bce-9d00-ffdbff93b8ec?source=next-article&amp;fit=scale-down&amp;quality=highest&amp;width=700&amp;dpr=1 1x,https:\/\/images.ft.com\/v3\/image\/raw\/ftcms%3A384cfd92-a50b-4bce-9d00-ffdbff93b8ec?source=next-article&amp;fit=scale-down&amp;quality=highest&amp;width=700&amp;dpr=2 2x\" width=\"2048\" height=\"1152\"\/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/images.ft.com\/v3\/image\/raw\/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F384cfd92-a50b-4bce-9d00-ffdbff93b8ec.jpg?source=next-article&amp;fit=scale-down&amp;quality=highest&amp;width=700&amp;dpr=1\" alt=\"\" data-image-type=\"image\" width=\"2048\" height=\"1152\" loading=\"lazy\"\/><\/picture><\/figure>\n<\/div>\n<div class=\"n-content-layout__slot\">\n<p>Where climate change meets business, markets and politics.\u00a0<a href=\"https:\/\/www.ft.com\/climate-capital\" title=\"\" data-trackable=\"link\">Explore the FT\u2019s coverage here<\/a>.<\/p>\n<p>Are you curious about the FT\u2019s environmental sustainability commitments?\u00a0<a href=\"https:\/\/aboutus.ft.com\/company\/sustainability\" title=\"\" data-trackable=\"link\">Find out more about our science-based targets here<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n<br \/><a href=\"https:\/\/www.ft.com\/content\/4d10659b-7987-4c74-a423-5c197e392e35\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Unlock the Editor\u2019s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this&hellip;\n","protected":false},"author":6,"featured_media":41116,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":["post-41115","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/41115","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41115"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/41115\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/41116"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}