Private sector has promised capital for transition to net zero
Global finance must deliver on Cop26 pledges
Private sector needs to translate ambitious promises into real action, finance experts say
Global business and finance must follow through on the flurry of net-zero and decarbonisation commitments made at last month’s Cop26 climate talks in order to dispel accusations that talk will not be matched by action, investment industry representatives say. The private sector made seemingly ambitious environmental pledges at Cop26, such as the $130tn in capital promised for the energy transition by the Glasgow Financial Alliance for Net Zero (Gfanz), a group of 450 financial institutions. But it faced scepticism from participants and activists. The corporate credibility gap was summed up by Swedish activist Greta Thunberg’s description of Cop26 as a “two-week long celebration of business a
Also in this section
13 December 2024
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions
10 December 2024
Tightened standards have helped improve the outlook for the voluntary carbon market, which is set for a record year and poised for long-term growth
