COP26: Finance sector report gives 'essential plumbing' to tackle climate change

Capital committed to net zero over $130trn

clock • 2 min read
Mark Carney said the report gives "essential plumbing"
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Mark Carney said the report gives "essential plumbing"

The Glasgow Financial Alliance for Net Zero (GFANZ) has released a progress report on private capital committed toward net zero along with standards and tools to deploy that capital, which Mark Carney, UN special envoy for climate action, said is the “essential plumbing” necessary for the sector to achieve its goals.

The financial sector has now committed $130trn towards net zero, which comes from 450 firms across 45 countries, according to the report - which was released on the COP26 Finance Day. Firms across the...

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