Related Articles
GFANZ co-chair Mark Carney and UK chancellor Rishi Sunak arrive at Cop26
Forward article link
Share PDF with colleagues

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 accou

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Tidal energy to feature in next UK auction
25 November 2021
UK government ringfences £20mn/yr for tidal in upcoming renewable energy tender
Jordan eyes renewable power exports
25 November 2021
As wind and solar power capacity have ramped up impressively, the government is mulling ways to maximise its returns
UK net-zero strategy: Ten key points
25 November 2021
The plans aim to accelerate decarbonisation in a number of different areas with a mix of investment and policy
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video