COP26 updates: Countries officially adopt Glasgow Climate Pact

President Biden outlined five key principles for world leaders to implement for tackling climate change. 

Infrastructure projects, especially those financed by the world’s superpowers in third-world countries, should be designed in concert with local community members, Biden said. 

In addition, projects should be carried out with high-quality materials and trillions of dollars from both the private and public sectors will be needed to mobilize the projects, he said. Building out a sustainable infrastructure should also create economic development and good-paying jobs, Biden added. 

"So this climate crisis is an enormous opportunity. It's about jobs. It's about building the industries of the future, making sure everyone shares the benefits of an equitable and sustainable green recovery," Biden said.

U.K. Prime Minister Boris Johnson and European Commission President Ursula von der Leyen were among the attendees at the event. 

-ABC News’ Sarah Kolinovsky and Molly Nagle

Russian President Vladimir Putin and Brazil’s President Jair Bolsonaro made what may be their only appearances at COP26, as neither leader is attending the summit in person. 

Russia has pledged to get to net zero by 2060, Putin said, adding that 20% of all forests are located in Russia.

“I am convinced that the conservation of forests and other natural ecosystems is a key component of international efforts to address global warming and reduce emissions of greenhouse gases,” Putin said in a pre-corded video played at an event on protecting forests Tuesday. 

Bolsonaro also expressed support for the Glasgow Declaration on Forests, saying he is committed to ending illegal deforestation by 2030.

“Forests are important to me because they cover more than 60% of my country,” Bolsonaro said. “They are a source of health and life and are home to the greatest natural wealth and biodiversity on the planet. We are committed to eliminating illegal deforestation by 2030.”

Pedro Castillo, the president of Peru, spoke about protecting the Peruvian Amazon in pre-recorded remarks.

-ABC News’ Stephanie Ebbs

On his second day at COP26, Biden outlined the United States’ plan to join the world in its mission to reduce deforestation.

“Preserving forests and other ecosystems can and should play an important role in meeting our ambitious climate goals as part of the net-zero emissions strategy we all have,” Biden said.

The plan has four components: to incentivize restoration and conservation, to encourage private sector investment, to increase data collection and accountability and to meet a $9 billion U.S. funding goal through 2030 – subject to approval by Congress.

Biden hopes this plan will restore 200 million hectares of forest and other ecosystems by 2030.

Biden unveiled new rules to reduce emissions of greenhouse gas methane on Tuesday.

The U.S. Methane Emissions Reduction Action Plan expands on policies and standards set by the Obama administration that were repealed by former President Donald Trump.

As a part of the plan, the Environmental Protection Agency now requires states to develop methane reduction plans for oil and gas industries, aiming to reduce emissions by 75%. There will new regulations on large transmission lines and at-home pipes to lower the risk of methane leaks. Additionally, the Department of the Interior will work on shuttering abandoned oil and glass wells.

During his speech at COP26, Biden referred to his $1.75 trillion infrastructure bill that is awaiting passage in Congress.

“My ‘Build Back Better’ framework will make historic investments in clean energy,” Biden said. “[It’s] the most significant investment to deal with the climate crisis that any advanced nation has made ever.”

— ABC News’ Stephanie Ebbs, Molly Nagle and Sarah Kolinovsky