Glasgow Financial Alliance for Net Zero
Insights
Recommendations and Guidance on Financial Institution Net-zero Transition Plans
GFANZ Progress Report
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.
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.
Towards a Global Baseline for Net-zero Transition Planning
This guide provides an overview of the voluntary, pan-financial sector net-zero transition planning tools and guidance developed by GFANZ in 2022, and how these resources can be used together to support financial institutions’ efforts to develop and implement net-zero transition plans.
Financing the Managed Phaseout of Coal-Fired Power Plants in Asia Pacific
This report, which addresses financing the managed phaseout of coal-fired power plants in the Asia-Pacific region, aims to provide practical, voluntary guidance for net zero-committed financial institutions considering the financing of coal phaseout transactions.
Scaling Transition Finance and Real-economy Decarbonization, Supplement to the 2022 Net-zero Transition Plans report
This GFANZ Secretariat Technical Review Note further develops the Transition Finance strategies by providing a supplement to the 2022 GFANZ NZTP guidance and discusses potential decarbonization contribution methodologies as a complement to today’s metrics.
