COP31 in a nutshell: key takeaways from 12 November, a day dedicated to cities, methane and finance

Cities, methane and disaster risk financing are on the agenda for the fourth day of COP31, on 12 November 2026 in Antalya (Turkey). The Antalya Leaders’ Summit also concludes today, whilst the Business Forum opens its doors, welcoming 600 executives and investors representing 300 major global energy and electrification companies.

Among the day’s announcements:
• $480 million in new funding to reduce methane and other non-CO₂ greenhouse gases, announced at a summit co-organised by Brazil, China and the United Kingdom;
• A €16 billion financing agreement was signed between Turkey and China for the development of clean energy, as part of the Business Forum. Furthermore, Turkey also signed a €1.6 billion financing agreement with the Asian Infrastructure Investment Bank.
• Six UN agencies…