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GFANZ to Direct Private Finance to Support NDCs – Carney

Chris Hall

Ex-BoE chief calls for “radical new approach” to mobilising investment in emerging and developed markets; also warns of stranded assets. Carney was speaking at the Net Zero Delivery Summit, organised by the City of London Corporation, in association with COP26 Presidency UK and GFANZ. C net zero transition.

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The Glasgow Climate Pact for business: ambition, action and collaboration.

We Mean Business Coalition

For business, investments in fossil fuels are now far riskier because the market expects them to become stranded assets in the foreseeable future. As delegates head home, these are the key lessons that business leaders can take from Cop26. Nature came to Cop26 like never before. Their message to world leaders is loud.

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COP27: Get finance flowing in the right direction so business can cut emissions faster

We Mean Business Coalition

Will the promised $100 billion per year be delivered by wealthier countries to enable developing countries to cut emissions and adapt to climate impacts? . Innovative thinking that develops new models of cooperation can also effectively channel private finance to the places it is most needed. What are the barriers to action?

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Billions of dollars being used to fund coal power in Africa and Asia

Envirotec Magazine

These countries need affordable, reliable and clean energy to support their socio-economic development and to mitigate climate change. Commercial financial institutions worldwide continue to support coal power plant development indirectly, despite having implemented policies to exclude direct financing of new coal-fired generation assets.

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ICYMI, Governments and Regulators are Making the Running

Chris Hall

Even so, we were reminded how far the G20 nations are from meeting their COP26 commitment to keep 1.5°C Perhaps these outcomes should not be a surprise after BlackRock, the world’s largest asset manager, described many 2022 climate resolutions as “ prescriptive or constraining ”.

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Creativity and Collaboration Vital to Finance Nature

Chris Hall

Even so, we have developed a pipeline of over ten large nature-based solutions to be financed during 2023, with an overall potential of 40,000 hectares of agroforestry and productive restoration. It’s part of our fiduciary duty to be at the forefront of efforts to scale up and re-allocate capital. Yet the world is changing.

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Trends & Opportunities with Standardizing ESG Disclosures in Real Estate

3BL Media

At COP26, IFRS introduced a new International Sustainability Standards Board (ISSB) to develop a comprehensive global baseline of sustainability disclosure standards. The World Economic Forum launched the Measuring Stakeholder Capitalism Initiative seeking to accelerate convergence among the major ESG standard setters.

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