COP26: what does climate transition mean for markets?

With COP26 underway in Glasgow, I caught up on Friday with Fund Manager Randeep Somel who works on climate solutions strategies and has been following the conference. I asked him what progress is being made and what the implications might be for markets. How much debt will governments need to issue to achieve their targets and could the trillions of green investment needed lead to Greenflation in an already inflationary economy? And could we see a market-based solution to emissions in the form of a global carbon taxation framework? We discussed whether COP26 has been a success, the roles of the US, China and Russia and the biggest challenges that remain.