Net Zero and ESG
Net zero represents a dynamic balance of carbon dioxide emissions and absorption and is the climate goal for many jurisdictions by 2050. To slow global warming, the financial industry needs to play a role in net zero financing.
The Glasgow Net Zero Financial Alliance is the world’s largest net zero organization. It includes multiple net zero alliances in the banking, insurance and asset management industries. It aims to encourage the financial industry to provide the necessary financing for companies’ net zero transition.
The International Capital Market Association releases a report on transition finance in bond market
The European Central Bank releases a banking transition risk report
The international research institution CDP releases a position paper on carbon credits
The EU plans to set 2040 climate target, aiming to establish a second medium-term goal based on EU Climate Law
WEF announces the establishment of the Network to Mobilize Clean Energy Investment for the Global South
The World Economic Forum (WEF) releases closing climate action gap report
The Glasgow Financial Alliance for Net Zero (GFANZ) has released its 2023 annual progress report
The Australian Treasury has released a consultation paper on sustainable finance strategy