A group of 450 banks and insurers, going under the name of The Glasgow Financial Alliance for Net Zero (Gfanz), have committed $130 trillion [€112 trillion] to tackle climate change between now and 2050.
Mark Carney, UN special envoy on climate action and finance and leader of the group, said they have "all the money needed" to fund the transition to renewable energy, demonstrating that in this year's climate summit (COP26) private finance is a central focus.
Carney promises to "...
Back our independent journalism by becoming a supporting member
Already a member? Login hereWester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.
Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.