On December 14, 2022, in Brussels, the Government of Viet Nam announced that it will pursue an ambitious national effort under a Just Energy Transition Partnership (JETP) to ramp up renewable energy and accelerate the phasing down of fossil fuels, alongside investment in transition-aligned jobs and industries of the future.

The GFANZ Asia Pacific Advisory Board convened on November 16, 2022 for its first meeting in Singapore where it endorsed the GFANZ Asia Network strategy and workplan for 2023 and beyond.

The GFANZ Africa Advisory Board convened on November 7, 2022, for its inaugural in-person meeting at COP27 in Sharm El-Sheikh, Egypt – where it approved the GFANZ Africa Network strategy and workplan, for 2023 and beyond.

At the Indonesian Presidency’s G20 Leaders’ Summit, it was announced that the Government of Indonesia will pursue an ambitious national effort under a Just Energy Transition Partnership (JETP) to accelerate the phasing down of fossil fuels and ramping up of renewable energy, alongside investment in transition-aligned jobs and industries of the future.

The members of the Glasgow Finance Alliance for Net Zero (GFANZ) Private Finance Working Group for Egypt’s Nexus for Water, Food & Energy (NWFE) express their strong support for the Government of Egypt’s (GoE’s) ambitious plan for energy transition via NWFE. This plan, prepared under the umbrella of the 2050 National Climate Change Strategy (NCCS) and Nationally Determined Contribution (NDC), seeks to achieve inclusive and sustainable growth, a low-carbon development and developing resilience and adaptability to climate change.

CEO and Special Representative of the UN Secretary-General for Sustainable Energy for All Damilola Ogunbiyi announces expanded partnership with Bloomberg Philanthropies to support developing countries across Africa, Asia, and Latin America to accelerate coal phaseout, develop viable pathways to net-zero, and speed deployment of clean energy.

GFANZ releases pan-sector framework for financial institution transition planning supports actionable strategies and measurable progress to meet net-zero commitments.

Ahead of the UN Conference of the Parties (COP27), the Glasgow Financial Alliance for Net Zero (GFANZ), the world’s largest coalition of financial institutions committed to net zero through dedicated sector-specific alliances, today announced the release of its Progress Report, and the expansion of its Principals Group to strengthen regional engagement, implementation and collaboration with the United Nations (UN).

The world is unlikely to reach net zero by 2050 unless we halt and reverse deforestation within a decade. In this statement, the Co-Chairs and Vice Chair of GFANZ therefore urge financial institutions to embed deforestation into their transition planning by developing policies to identify and curtail financing of such activities.

The Expectations for Real-economy Transition Plans report articulates the critical components needed to disclose a rigorous transition strategy by companies large and small, so that financial institutions can assess those plans and support these companies as they work to transition their operations toward a net-zero global economy.