Share this article Share this article NEW YORK, May 6, 2021 /PRNewswire/ -- A recent U.S.-sponsored Leaders Summit on Climate underscored the country's rejoining of the Paris Agreement in a key global effort with other large economies to reduce the effects of climate change. According to a report published May 4, 2021, by S&P Global Ratings, signatories will need to work out myriad details in the coming months and years as they tackle Nationally Determined Contribution targets. The report, "The Leaders Climate Change Summit: A Decisive Decade To Cut Emissions," states that these heightened public policy commitments are major benchmarks, confirming widespread momentum around the world to decarbonize. On top of the milestones achieved to date, these targets will likely result in a blend of large investment programs and new environmental regulations. In addition, the report notes that a growing pace of sustainable debt can be expected.