ANTALYA, Turkey (AP) — Climate activist Greta Thunberg arrived at U.N. climate talks on Tuesday, condemning the annual proceedings as hypocritical and urging leaders to put people and the planet ahead of profits and power.
The COP31 conference is being held in the Turkish resort city of Antalya following a year of deadly climate-related disasters, including heat waves and floods, and another energy shock caused by the Iran war.
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People walk through the venue at the COP31 U.N. Climate Summit, Tuesday, Nov. 10, 2026, in Antalya, Turkey. (AP Photo/Khalil Hamra)
Activists participate in a demonstration at the COP31 U.N. Climate Summit, Tuesday, Nov. 10, 2026, in Antalya, Turkey. (AP Photo/Khalil Hamra)
Activist Greta Thunberg gestures as she speaks at the COP31 U.N. Climate Summit, Tuesday, Nov. 10, 2026, in Antalya, Turkey. (AP Photo/Khalil Hamra)
Activist Greta Thunberg speaks to members of the media at the COP31 U.N. Climate Summit, Tuesday, Nov. 10, 2026, in Antalya, Turkey. (AP Photo/Khalil Hamra)
Activist Greta Thunberg speaks to members of the media at the COP31 U.N. Climate Summit, Tuesday, Nov. 10, 2026, in Antalya, Turkey. (AP Photo/Khalil Hamra)
Activist Greta Thunberg speaks to members of the media at the COP31 U.N. Climate Summit, Tuesday, Nov. 10, 2026, in Antalya, Turkey. (AP Photo/Khalil Hamra)
“It’s a hypocrisy every year that the host countries are given an opportunity to whitewash themselves and we know that these negotiations are filled with lobbyists, paid by the very destructive industries which are benefiting from our extremely violent status quo,” Thunberg said as she arrived. “Our political and economic systems that have become incompatible with human nature.”
COP31 co-hosts Turkey and Australia are promoting renewable energy and rooftop solar installations, but both still rely heavily on fossil fuels, especially coal, to generate electricity. Previous hosts, including Brazil, the United Arab Emirates and Azerbaijan, are major oil producers.
Climate change is “threatening everything,” Thunberg said, warning that “everything and everyone we love is at stake.”
“We should act to protect and benefit people rather than constantly sacrificing the global majority and the very planet we are all living on, for a fortunate few to keep making unimaginable profits and maintaining geopolitical power,” she said.
This is the first climate summit Thunberg has attended since the 2021 talks in Glasgow, Scotland, where she dismissed world leaders’ promises as “blah, blah, blah.”
She rose to prominence in 2018 when, aged 15, she began a solitary “ School Strike for Climate ” outside the Swedish Parliament. In 2022, she published “The Climate Book,” outlining actions to address the climate crisis.
She has won multiple awards and advocated for other causes, including the Free Palestine movement. Last year, she was arrested in London while supporting hunger-striking pro-Palestinian activists. More recently, she supported French students protesting for more school resources.
In 2024, she joined a protest in Georgia against Azerbaijan’s hosting of COP29.
A key goal for Turkey is global electrification: shifting sectors such as transportation, buildings and heavy industry away from fossil fuels and toward electricity. Turkey wants electricity, preferably generated from renewable sources such as solar and wind, to account for 35% of global energy consumption by 2035, up from 23% today.
“We have to take the victories we have, of course, because we are so desperate in this situation that we have to take all the positive signs we can get to save as much as we can still save,” said Thunberg, who is expected to spend several days at COP31.
Thunberg's arrival at the conference created excitement among many youth climate activists.
“In this time of heightened geopolitical tensions, I hope that Greta’s presence here reminds us of why we started this work in the first place: to push for meaningful change, hold decision-makers accountable, and work towards a better future for all of humanity,” said Amber Turner, a 26-year-old fellow with the Alliance of Small Island States.
“Worsening climate change impacts make it challenging for young people to be sure of a safe and thriving future,” Turner added.
Protests at COP31 demanded more climate finance and criticized growing interest in nuclear energy.
“The presence of such a headline climate activist at one of the world’s biggest conferences on climate is symbolic, and I hope that it will put pressure on the COP itself to deliver real action and implementation,” said Kamori Osthananda, a youth negotiator with Thailand’s COP delegation.
Qiyun Woo, a youth environmentalist from Singapore, said Thunberg's “powerful” presence "adds to calls from a generation that inherits the consequences of these negotiations.”
“Besides her, there are many youth activists from around the world who are also on the ground who are actively fighting for their communities, home and collective future,” she said.
The U.N. talks in Antalya run until Nov. 20. COP32 is scheduled to take place in Ethiopia’s capital, Addis Ababa, in November 2027.
Arasu reported from Bengaluru, India and Delgado from Bangkok.
The Associated Press’ climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.
People walk through the venue at the COP31 U.N. Climate Summit, Tuesday, Nov. 10, 2026, in Antalya, Turkey. (AP Photo/Khalil Hamra)
Activists participate in a demonstration at the COP31 U.N. Climate Summit, Tuesday, Nov. 10, 2026, in Antalya, Turkey. (AP Photo/Khalil Hamra)
Activist Greta Thunberg gestures as she speaks at the COP31 U.N. Climate Summit, Tuesday, Nov. 10, 2026, in Antalya, Turkey. (AP Photo/Khalil Hamra)
Activist Greta Thunberg speaks to members of the media at the COP31 U.N. Climate Summit, Tuesday, Nov. 10, 2026, in Antalya, Turkey. (AP Photo/Khalil Hamra)
Activist Greta Thunberg speaks to members of the media at the COP31 U.N. Climate Summit, Tuesday, Nov. 10, 2026, in Antalya, Turkey. (AP Photo/Khalil Hamra)
Activist Greta Thunberg speaks to members of the media at the COP31 U.N. Climate Summit, Tuesday, Nov. 10, 2026, in Antalya, Turkey. (AP Photo/Khalil Hamra)
NEW YORK (AP) — U.S. stocks are falling Tuesday after a report showed inflation was worse across the country last month than economists expected.
The S&P 500 fell 0.9% and gave back some of its big rally from the day before. The Dow Jones Industrial Average was down 319 points, or 0.6%, as of 1:29 p.m. Eastern time, and the Nasdaq composite was 1.4% lower.
Pressure from the bond market undercut stocks following the discouraging report on inflation. People had to pay prices for groceries, electricity and other costs of living that were even higher last month than economists expected. That could push the Federal Reserve to hike its main interest rate at its next meeting in December and beyond.
Higher interest rates can help rein in inflation, but they do so by making it more expensive for everyone to borrow money and by slowing the overall economy. Higher rates also make investors less willing to pay high prices for stocks and other investments.
One Fed official even hinted the central bank may increase the federal funds rate by double the typical amount next month because of how high inflation has remained for years.
Speaking in London before the inflation report was released, Fed Gov. Christopher Waller said “a stronger policy move may be needed” if the report showed an important underlying measure of inflation rose by 0.3% from September.
In that case, he said the Fed should consider hiking the federal funds rate by half a percentage point rather than the typical quarter point. Moving by only the usual amount could “put our credibility at risk, a risk I am not eager to take.”
Shortly afterward, Tuesday’s inflation report showed that the underlying measure of inflation Waller was worried about was exactly 0.3%, the threshold he had set. It's the Fed's job to keep inflation under control, along with keeping the job market strong.
That sent yields jumping in the bond market as traders upped their forecasts for coming hikes to rates by the Fed.
The yield on the 10-year Treasury jumped to 5.01% from 4.88% late Monday. It's a notable move for the bond market, and the yield helps set where rates are for mortgages and other loans going to U.S. households and businesses.
The 10-year Treasury yield had been dropping since early October, when it topped 5.30% as worries spiked about high inflation, higher interest rates, the U.S. government’s big debt and other concerns.
Tuesday’s jump in yields came even though oil prices fell again. The price for a barrel of Brent crude oil fell 0.8% to $91.81. President Donald Trump said late Monday that the war in Iran, which sent oil prices much higher, “militarily is effectively over.”
Brent’s price has been falling from more than $112 at the start of the month amid uncertainty about what will happen with the war with Iran.
Jumps in Treasury yields push downward on prices for all kinds of stocks, and they can particularly hurt companies in the real-estate business.
Higher mortgage rates can keep potential customers away from homebuilders, for example, and Lennar fell 4.4% for one of the sharper losses in the S&P 500.
Rival homebuilders also fell, including drops of 3.6% for D.R. Horton and 3.5% for PulteGroup. Builders FirstSource, which sells crown mouldings, cabinets and other products to homebuilders, sank 3.9%.
The single heaviest weight on the S&P 500 was Nvidia, which fell 6.3%. It's been under pressure since its board announced an investigation into its CEO, Jensen Huang, who admitted to a relationship with a woman who, according to The New York Times, U.S. intelligence determined was gathering information for China.
It's also been swinging amid broader worries that have knocked the artificial-intelligence industry around recently. Democratic victories in statehouses across the country last week raised concerns about possible restrictions on construction of AI data centers. That built on top of already longstanding worries that AI stock prices had shot too high and were in a bubble.
Other stocks in the AI industry also slipped. GE Vernova, which is helping to power AI data centers, dropped 7%. Micron Technology, which sells memory for computers, fell 3.6% after flipping between gains and losses earlier in the morning. CoreWeave, a company that rents out access to AI chips to customers over the cloud, fell 2.6%.
Advanced Micro Devices held up better and was mostly unchanged.
The recent shakiness for AI-related stocks had raised questions about whether Anthropic, the company behind the Claude chatbot, may delay its initial public offering of stock.
But Anthropic said in a filing with U.S. regulators on Tuesday that it's looking to sell its stock at a price valuing the company at roughly $1.3 trillion. That would make it one of the most valuable companies on Wall Street, worth more than Walmart, JPMorgan Chase, ExxonMobil or Coca-Cola.
In stock markets abroad, indexes rose across much of Europe and Asia.
South Korea's Kospi jumped 4.4% for one of the world's biggest gains on strength for its two tech giants that have benefited from the AI boom, Samsung Electronics and SK Hynix.
AP Writers Elaine Lai and Matt Ott contributed to this report.
Trader Robert Greason works on the floor of the New York Stock Exchange in New York, Monday, Nov. 9, 2026. (AP Photo/Yuki Iwamura)
Specialist Dilip Patel works on the floor of the New York Stock Exchange in New York, Monday, Nov. 9, 2026. (AP Photo/Yuki Iwamura)
Options trader Frank Maiolo works on the floor of the New York Stock Exchange in New York, Monday, Nov. 9, 2026. (AP Photo/Yuki Iwamura)
Screens display the Korea Composite Stock Price Index (KOSPI), the foreign exchange rate between U.S. dollar and South Korean won and the Korea Securities Dealers Automated Quotations (KOSDAQ) at a dealing room of Hana Bank in Seoul, South Korea, Tuesday, Nov. 10, 2026. (AP Photo/Lee Jin-man)
Screens display the Korea Composite Stock Price Index (KOSPI), the foreign exchange rates and the Korea Securities Dealers Automated Quotations (KOSDAQ) at a dealing room of Hana Bank in Seoul, South Korea, Tuesday, Nov. 10, 2026. (AP Photo/Lee Jin-man)
A dealer walks near the screen showing the Korea Composite Stock Price Index (KOSPI) at a dealing room of Hana Bank in Seoul, South Korea, Tuesday, Nov. 10, 2026. (AP Photo/Lee Jin-man)
A dealer walks near a screen showing the Korea Composite Stock Price Index (KOSPI) at a dealing room of Hana Bank in Seoul, South Korea, Tuesday, Nov. 10, 2026. (AP Photo/Lee Jin-man)
A dealer talks on a phone near the screen showing the Korea Composite Stock Price Index (KOSPI) at a dealing room of Hana Bank in Seoul, South Korea, Tuesday, Nov. 10, 2026. (AP Photo/Lee Jin-man)
