The 2015 Paris climate conference mostly involved governments pushing businesses to cut emissions. In Glasgow, businesses are the ones pushing governments to act.

From a low base, expectations for the COP26 summit that kicked off this week have been boosted by a flurry of promises. While skeptics grumbled that some were recycled commitments, by Friday the International Energy Agency said that, if delivered, the updated pledges would likely limit global warming to below 2 degrees Celsius—the first time it has fallen below that benchmark. New national commitments from China and India were central to the new IEA analysis, even if they disappointed some.