At the COP26 UN Climate Change Conference, around 450 financial firms <\/span>have become members of <\/span>the <\/span>Glasgow Financial Alliance for Net Zero(GFANZ).<\/span><\/p>\n GFANZ was launched in April 2021 by UN Special Envoy for Climate Action and Finance and UK Prime Minister\u2019s Finance Adviser for COP26 in partnership with the <\/span>Race to Zero<\/span> campaign.<\/span><\/p>\n Purpose:<\/b> To provide a forum for leading financial institutions to accelerate the transition to a net-zero global economy.\u00a0<\/span><\/p>\n Members:<\/b> Its members currently include over 450 financial firms across 45 countries responsible for assets of over $130 trillion.<\/span><\/p>\n Annual Reporting:<\/b> The financial firms have pledged to<\/span> report annually on the carbon emissions linked to the projects they lend to.<\/span><\/p>\n Race to Zero is the UN-backed global campaign rallying non-state actors \u2013 including companies, cities, regions, financial and educational institutions \u2013 to take rigorous and immediate action to halve global emissions by 2030.\u00a0<\/span><\/p>\n Source<\/b>: This post is based on the article<\/span> \u201c<\/b>Green lending: World\u2019s biggest banks\u2019 latest initiative at COP26 is a step backwards<\/b>\u201d <\/b>published in <\/span>\u201cDown To Earth\u201d on 8th November 2021.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":" What is the News? At the COP26 UN Climate Change Conference, around 450 financial firms have become members of the Glasgow Financial Alliance for Net Zero(GFANZ). What is Glasgow Financial Alliance for Net Zero(GFANZ)? GFANZ was launched in April 2021 by UN Special Envoy for Climate Action and Finance and UK Prime Minister\u2019s Finance Adviser… Continue reading Green lending: World\u2019s biggest banks\u2019 latest initiative at COP26 is a step backwards<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,9],"tags":[],"class_list":["post-145415","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-public","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1700600185},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/145415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=145415"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/145415\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=145415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=145415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=145415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What is <\/b>Glasgow Financial Alliance for Net Zero(GFANZ)?<\/b><\/h5>\n
What is the Race to Zero campaign?<\/b><\/h5>\n