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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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ICYMI, Governments and Regulators are Making the Running

Chris Hall

The private sector’s ability to accelerate the pace of net zero transition is open to question. Even so, we were reminded how far the G20 nations are from meeting their COP26 commitment to keep 1.5°C This was a week in which the public realm seemed to make more of the running than those in the private sphere.

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

We Mean Business Coalition

As an example of the scale we are talking about, t he Glasgow Financial Alliance for Net Zero (GFANZ), the world’s largest coalition of financial institutions committed to net zero, represents over $130 trillion of private capital. . There has been significant development on reporting standards since COP26.

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

We Mean Business Coalition

Many have set science-based targets aligned with 1.5ºC, others are starting their journey to net-zero. For business, investments in fossil fuels are now far riskier because the market expects them to become stranded assets in the foreseeable future. Nature came to Cop26 like never before.

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

Envirotec Magazine

This stands in contrast with China’s domestic energy policy, which is prioritizing a transition to renewable energy, peak emissions before 2030 and a net-zero economy by 2060. Of course, China is not the only culprit. The full knowledge brief is available here.

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Creativity and Collaboration Vital to Finance Nature

Chris Hall

With only seven years left to halve global emissions and halt and reverse biodiversity loss, we can’t wait for new technologies to step into play – we have to get to net zero with what we have. It’s part of our fiduciary duty to be at the forefront of efforts to scale up and re-allocate capital.

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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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