James Thorne of PitchBook writes on how private sector investors stole the show at COP26.
- Every G20 government has failed to meet their emissions reductions targets under the Paris Agreement.
- Despite government failures to reach climate targets, the private sector is making significant progress in the deployment of clean technologies.
- One example of this is the Glasgow Financial Alliance for Net Zero, a group with assets totaling $130 trillion, that is funding net-zero projects around the world.
- Private capital and private sector leadership are creating a pathway to a cleaner energy future.
“The clearest example of this change came last week from former Bank of England Gov. Mark Carney’s Glasgow Financial Alliance for Net Zero. The group aims to provide $130 trillion in private capital to the net-zero transition by 2050 and is backed by an army of 450 fund managers, banks, pensions and other asset owners.”
Read the full article here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
