Follow CNBC's live updates from the COP26 summit, where world leaders are being asked to accelerate action on climate change.
Bank of America President Brian Moynihan has told COP26 that the bank is working toward net zero emissions by 2050.
Moynihan said he is also serving as co-chair of Prince Charles' Sustainable Markets Initiative – a private sector-led effort to accelerate the transition to a low carbon economy.5:40 a.m.: Caribbean Development Bank makes proposal for investment into island nationsthat small island developing states are facing some of the worst impacts of climate change.
The CDB, along with the Inter-American Development Bank and the Green Climate Fund, is proposing the creation of a multi-donor financing facility to enable private and public investments into Caribbean states.Speeches from world leaders will continue on Tuesday, starting at 9:00 a.m. Glasgow time .
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