This week’s spring meetings at the IMF and World Bank must be used as an opportunity for public and private finance leaders to come together and forge new approaches to removing barriers to net zero.
Call for climate action announcements
The COP26 Presidency, Mark Carney’s COP26 Private Finance Hub and the High Level Climate Action Champions are calling for private financial institutions to announce new ambitious actions at COP26. These include credibly committing to net zero by joining Race to Zero and GFANZ and setting science based targets for 2025/2030, committing to phase out coal finance, announcing new net-zero- and adaptation-aligned financing to developing countries and emerging markets, and committing to nature-positive finance action.
Download the full letter here.
Private investors could drive over two-thirds of the trillions in investment needed to reach net zero
UN Race to Zero and the Glasgow Financial Alliance for Net Zero (GFANZ) – a net zero alliance responsible for more than $130 trillion in assets in 40 countries across the financial sector, today publishes its Net Zero Financing Roadmaps.