Transcription of BUILDING A PRIVATE FINANCE SYSTEM FOR NET ZERO - …
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BUILDING A PRIVATE FINANCE SYSTEM FOR NET ZERO Priorities for PRIVATE FINANCE for COP26 Mark Carney, UN Special Envoy for Climate Action and FINANCE and the Prime Minister's FINANCE Adviser for COP26 2 BUILDING a PRIVATE financial SYSTEM for net zero CONTENTS Executive summary Scope & objectives 5 Context 6 Summary of goals and deliverables 12 Deliverables in detail Reporting 14 Risk management 17 Returns 22 Mobilisation 26 3 BUILDING a PRIVATE financial SYSTEM for net zero BUILDING a PRIVATE financial SYSTEM for net zero EXECUTIVE SUMMARY 5 BUILDING a PRIVATE financial SYSTEM for net zero Achieving the objective agreed in the Paris Agreement to limit global temperature increases to below 2 C from pre-industrial levels requires a whole economy transition every company, bank, insurer and investor will have to adjust their business models, develop credible plans for the transition and implement them.
zero and report how their own portfolios are aligned for the transition. • Mobilisation: increasing private financial flows to emerging and developing economies, by connecting available capital with investable projects and encouraging new market structures. SCOPE & OBJECTIVES
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