The COP28 Presidency, the Glasgow Financial Alliance for Net-Zero (GFANZ), and the Voluntary Carbon Markets Integrity Initiative (VCMI) convened a high-level roundtable of businesses, financial institutions, and standard setters on 19 September 2023, with the goal to build up high-integrity demand in voluntary carbon markets (VCMs). The event also featured the Integrity Council for the Voluntary Carbon Market (ICVCM), with whom VCMI collaborates closely.

GFANZ Co-Chairs and Vice Chair welcome the release of the U.S. Treasury’s Principles for Net Zero Financing & Investment and salute Secretary Yellen’s outstanding leadership on climate.

The Glasgow Financial Alliance for Net Zero (GFANZ) Secretariat launched a consultation on its work to further refine the definitions of its transition finance strategies and support financial institutions to forecast the impact of these strategies on reducing emissions.

New partnership seeks to engage African financial institutions on climate transition planning and finance, and Dr. Timothy Afful-Koomson, Chief Climate Finance Officer of the AfDB Group, appointed as Director of the GFANZ Africa Network.

As an extension of GFANZ’s APAC Network, the Hong Kong Chapter will engage and build capacity with financial institutions in Greater China on net-zero efforts, transition planning and scaling transition finance, working with existing local sustainable finance initiatives to support further progress.

The UAE COP28 Presidency, the Glasgow Financial Alliance for Net Zero (GFANZ), and the Institute of International Finance (IIF) co-hosted a voluntary carbon markets (VCMs) roundtable. This virtual discussion was the second in a series of events on VCMs, bringing together global market participants committed to scaling climate finance.

Dr. Sultan Al Jaber, COP28 President-Designate, Kristalina Georgieva, Managing Director of the International Monetary Fund, Ajay Banga, President of the World Bank Group, and Mark Carney, UN Special Envoy for Climate Action and Finance and Co-Chair of the Glasgow Financial Alliance for Net Zero (GFANZ), co-chaired a roundtable discussion as part of the Summit for a New Global Financing Pact at the Palais Brongniart.

The UAE COP28 Presidency and the Glasgow Financial Alliance for Net Zero (GFANZ) co-hosted a high-level roundtable on Voluntary Carbon Markets (VCMs), as an official side event to the Summit for a New Global Financing Pact.

Getting the energy transition right in Asia will result in reduced emissions and air pollution in the region, while securing affordable energy and new green jobs.

The consultation aims to develop voluntary guidance and practical steps financial institutions can take to support the financing of the managed phaseout of coal-fired power plants.