Glasgow Financial Alliance for Net Zero
Insights
Recommendations and Guidance on Financial Institution Net-zero Transition Plans
GFANZ statement on Country Platforms
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.
Mobilisation Statement of Support
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.
Country Platforms Action Plan
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.
Call to Action
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.
GFANZ launch
GFANZ’s Launch Document detailing the original goals and structure of the organization when it was launched in April 2021.
“How to reap the rewards of coal phaseout” by Mary Schapiro, Vice Chair of GFANZ, and Ravi Menon, Chair of the GFANZ Asia-Pacific Network Advisory Board
One of the best ways to fight climate change is to accelerate the retirement of coal power plants. Every credible pathway to avoid the most severe impacts of climate change requires accelerating the closure of the world’s coal capacity.
GFANZ Japan Chapter COP28 Japan Pavilion Presentation – Financing the Transition of High-Emitting Industries
Calling for a High Ambition Path to Net-Zero
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.
RMI’s Metrics and Mechanisms to Finance a Managed Coal Phaseout
RMI’s Center for Climate-Aligned Finance has created two working papers for private FI involvement financing the managed phaseout of coal power. These papers were prepared at the request of the Glasgow Financial Alliance for Net Zero (GFANZ) and lay out guidance on metrics and targets and financial mechanisms.
Mark Carney’s Lecture at L’INSTITUT DE FRANCE, Académie des Sciences Morales et Politiques
GFANZ Co-Chair Mark Carney addresses Académie des Sciences Morales et Politiques on the subject of global governance of the environment on March 13, 2023.