Aligning Private Finance to Net Zero

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Aligning Private Finance to Net Zero

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As countries and corporates accelerate towards net zero, there needs to be a fundamental shift in the deployment of capital to catalyse systematic change. There has been a remarkable uptick in interest to mobilise private capital into the new green economy, with significant commitment by major funds toward green financing. The Glasgow Financial Alliance for Net Zeo (GFANZ) – a global coalition of more than 450 financial firms, from 45 countries – leverages US$130 trillion in private capital and is widely recognised as a critical vehicle in the race towards net zero. Yet there remains a significant shortfall in capital flows – annual investments in sustainable solutions will need to increase to US$4 trillion by 2030 in order to limit global warming to 1.5°C.

How has private finance been aligning behind climate action? How will it be allocated to scale investments and achieve transformative alignment?

Speakers :

Dr Mark Carney

Co-Chair, Glasgow Financial Alliance for Net Zero

UN Special Envoy for Climate Action and Finance
Png Chin Yee

Chief Financial Officer

Temasek