Private capital committed to transition tops $130tn
Transition finance has hit levels needed to deliver net zero in 2050, Glasgow Financial Alliance for Net Zero tells Cop26
The amount of private capital committed to the transition has exceeded $130tn and reached the scale needed to deliver net-zero emissions by 2050, according to the Glasgow Financial Alliance for Net Zero (GFANZ), a global coalition of leading financial institutions. Transition capital has been committed by 450 firms across 45 countries, GFANZ says. “The architecture of the global financial system has been transformed to deliver net zero,” GFANZ co-chair Mark Carney told the Cop26 climate conference in Glasgow today. “We now have the essential plumbing in place to move climate change from the fringes to the forefront of finance so that every financial decision takes climate change into account

Also in this section
22 July 2025
Sinopec hosts launch of global sharing platform as Beijing looks to draw on international investors and expertise
22 July 2025
Africa’s most populous nation puts cap-and-trade and voluntary markets at the centre of its emerging strategy to achieve net zero by 2060
17 July 2025
Oil and gas companies will face penalties if they fail to reach the EU’s binding CO₂ injection targets for 2030, but they could also risk building underused and unprofitable CCS infrastructure
9 July 2025
Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30