Mobilising the Finance Sector to Net Zero
To reach the $100-150bn required to meet net zero, significant commitments will need to be made over the coming years, new initiatives are starting up to encourage this investment such as GFANZ. This video outlines the commitments to reach net zero and further highlights how we can get the money where it is needed.
Overview
To reach the $100-150bn required to meet net zero, significant commitments will need to be made over the coming years, new initiatives are starting up to encourage this investment such as GFANZ. However, even if we have all of the money required, we still need to get it to where it is needed the most, Emerging and Developing Economies. This can only be done with a radical change to the international financial architecture.
Key learning objectives:
Outline the commitments to reach net zero
Discuss how we can get the money where it is needed
Summary
Expert
Mark Carney
Mark Carney started his career at Goldman Sachs working in their offices across three continents. Following a decade-long career at Goldman Sachs, Mark was appointed Deputy Governor of the Bank of Canada in 2003. In 2004 he became Senior Associate Deputy Minister of Finance, a role he held until he was made governor of the Bank of Canada in 2008. In 2013 Mr Carney accepted the role of governor of the Bank of England, a position he held until 2020. In 2019 he was appointed as UN Special Envoy on Climate Action and Finance by UN Secretary-General António Guterres.
