Net-Zero Public Policy
The challenge
The world is in urgent need of an equitable transition to net zero. Governments have made progress toward this goal, including adopting the Glasgow Climate Pact, signing the Global Methane Pledge to reduce methane emissions, pledging to end deforestation by 2030, and enhancing their Nationally Determined Contributions (NDCs). However, significant geopolitical headwinds — the war in Ukraine, the energy crisis, inflation pressures, and tight supply chains — threaten to delay or derail efforts to cut emissions. There is a need for more governments to set out the specific steps they plan to take nationally while working together to establish global policy frameworks that correct existing market failures and enable action at scale. GFANZ is supporting policy innovation and sharing successes and best practices that can create an enabling environment for private-sector finance.
Call to Action: One Year On
Objective
Revisit the five policy levers of the 2021 Call to Action and offer further detailed policy recommendations to illustrate how these policy areas can support G20 government transition planning.
Reports
Program of work
Call to Action
Deliver a series of recommendations to G20 governments on policies and other actions governments can take to support the global financial system and accelerate the economy-wide transition.
GFANZ Call to Action
Strategic input and advice
Provide strategic input and insights to GFANZ technical workstreams and policymakers, with the aim of using GFANZ outputs to inform and strengthen global public policy.
Public sector and stakeholder engagement
Engage key governments, international organizations, standard-setting bodies, and others to encourage the adoption of policies that will help accelerate the transition and enable financial institutions worldwide to execute on their climate-related goals and objectives.