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
28 March 2025
The massive expansion of the Northern Lights project in Norway is the clearest sign yet that the European oil and gas companies mean business when it comes to CCS
27 March 2025
Awards celebrate global innovation, leadership and achievement across the energy sector’s people, projects, technologies and companies.
20 March 2025
While advanced economies debate peak fossil fuel demand, billions of people still lack access to reliable and affordable energy, especially in the Global South
14 March 2025
Ignoring questions of sustainability will not make the problems they focus on go away
