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Insights

Statement on Deforestation Financing from the Co-Chairs and Vice Chair of GFANZ

September 2022

GFANZ Co-Chairs Michael R. Bloomberg, Mark Carney, and Vice Chair Mary Schapiro provide a statement on deforestation policies as integral to financial institution transition planning.

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Statement on “No New Coal” from Michael R. Bloomberg, Mark Carney, and Mary Schapiro

August 2022

GFANZ Co-Chairs Michael R. Bloomberg, Mark Carney, and Vice Chair Mary Schapiro provide a statement on the ending of all financing activities for new coal.

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­GFANZ statement on Country Platforms

July 2022

In this Private Sector Statement, GFANZ pledged its support and released recommendations for the implementation of major energy transition Country Platforms for Emerging Markets and Developing Economies (EM&DEs).

For the full list of recommendations and to learn more, read the draft GFANZ Private Sector Statement on Country Platforms below.

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Private sector statement

Mark Carney’s ‘Financing the Net Zero Revolution’ Keynote Address at Net Zero Delivery Summit

May 2022

Read Mark Carney’s keynote address from the Net Zero Delivery Summit in London, hosted on May 11th and 12th, 2022. This is an international summit, delivered at the halfway milestone between COP26 in Glasgow and COP27 in Sharm El-Sheikh, focusing on net zero delivery and the progress of key priorities for finance agreed at COP26 in Glasgow.

Read More | View Presentation | Watch Keynote Address


Mary Schapiro’s Remarks for Net Zero Delivery Summit

May 2022

Read Mary Schapiro’s remarks from the Net Zero Delivery Summit on ‘From Commitment to Action: The Role of Transition Plans in Achieving a Net Zero Economy.’

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Mark Carney’s ‘Climate Policy is Macro Policy’ Volcker Memorial Lecture at NABE 2022

March 2022

Read Mark Carney’s speech from the NABE Policy Conference, the largest annual public event in Washington to focus solely on economic policy, tackling policy issues through the pragmatic lens of business leaders and economists – with 2022’s theme arranged around “Policy Options for Sustainable and Inclusive Growth.”

Read MoreNABE Economic Policy Conference Videos


Chair’s Summary – COP26 Climate Scenario and Pathways Roundtable

November 2021

Read Mark Carney’s discussion summary from a roundtable with the leading scenario and pathway developers to focus on enhancing the application of climate scenario analysis in the financial sector and alignment with the use of pathways for net zero targets – key objectives of the COP26 Private Finance Strategy.

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Mark Carney’s Finance Day Speeches at COP26

November 2021

GFANZ Co-Chair Mark Carney lays out his vision for the role of private finance in transitioning the global economy to net zero. Read both speeches below.

Financing Our Future  |  A Financial System for Net Zero


GFANZ Progress Report

November 2021

GFANZ’s new report, The Glasgow Financial Alliance for Net Zero: Our progress and plan towards a net zero global economy, shares the history of GFANZ since its launch in April 2021 and the progress it has made across its seven workstreams in service of accelerating the financial sector’s transition to net zero.

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Download report


Mobilisation Statement of Support

November 2021

The Mobilisation Statement of Support describes the financial sector’s role in ensuring that sufficient levels of capital flow to emerging markets and developing economies to finance the transition to net zero.

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Mobilisation Statement of Support

Country Platforms Action Plan

November 2021

Bridging the financing gap in EM&DCs requires a radical change to the international financial architecture, through new country platforms which deploy blended finance at scale, leveraging private finance at significant multiples and connecting standalone private finance with NDCs. Mark Carney sets out his action plan for taking forward work on country platforms at an international level.

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Race to Zero and GFANZ: Ensuring the Rigour and Impact of Financial Sector Net Zero Commitments and Action

November 2021

If implemented faithfully, this year’s upswell in financial sector net zero commitments can deliver the investments needed to achieve net zero. Fulfilling this potential, and building confidence in it, will be a key challenge in the months and years ahead. Mark Carney, Nigel Topping and Gonzalo Muñoz share details of the steps being taken to secure this.

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Call to Action

October 2021

GFANZ’s Call to Action recognizes that if the world is to achieve an orderly transition to Net Zero – and so avoid the massive human, social, economic loss and financial instability associated with failing to meet the objectives of the Paris Agreement – more governments must follow through on the commitments of the Paris Agreement and ensure a Just Transition to a net zero global economy.

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GFANZ Call to Action Report

COP26 Call for Climate Commitments

October 2021

A “Call for Commitments” from the COP26 Presidency, the COP26 Private Finance Hub and the High Level Climate Action Champions asking for private financial institutions to announce new ambitious actions at COP26.

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Calling for a High Ambition Path to Net-Zero

July 2021

Statement by Mark Carney, (UN Special Envoy for Climate Action and Finance), Günther Thallinger, (Chair, UN-convened Net Zero Asset Owner Alliance), Bill Winters (Group CEO, Standard Chartered), Tim Adams (President and CEO, Institute of International Finance), Annette Nazareth (Senior Counsel at Davis Polk and former Commissioner of the U.S. SEC), and Lord Nicholas Stern (Chair of the Grantham Research Institute on Climate Change, LSE) on Scaling Voluntary Carbon Markets.

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GFANZ launch

April 2021

GFANZ’s Launch Document detailing the original goals and structure of the organization when it was launched in April 2021.

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GFANZ Terms of Reference 

Updated as of May 2022

This document sets out the Terms of Reference for the Glasgow Financial Alliance for Net Zero (GFANZ) and the leadership and coordination structures that sit within it.

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