U.K. to Issue Draft Text; Kerry Sees Markets Deal: COP26 Update

John Kerry speaks during the COP26 climate summit in Glasgow, U.K.

Photographer: Ian Forsyth/Getty Images

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Tuesday night is the big reveal: the U.K. presidency of COP26 will release a first draft of the summit communique, which will then produce consultations with national capitals across the globe.

There’s hope for a breakthrough at the conference in Glasgow -- U.S. climate envoy John Kerry said he expects the talks to produce a deal on carbon-trading rules. But COP President Alok Sharma says more progress is still needed in negotiations. Delegates are pushing to complete their work before the summit’s scheduled end on Friday.