COP26 Private Finance Hub
Environmental risk management - COP26.
The COP26 Private Finance Hub, led by Mark Carney, has been established to build a system that mobilises private finance to support the re-engineering of economies for net zero carbon emissions.
The objective for the private finance work for COP26 is to ensure that every professional financial decision takes climate change into account.
The tools it aims to apply include reporting, risk management, returns and mobilisation.
- Reporting means improving the quantity, quality and comparability of climate related disclosures by implementing a common framework built on the Financial Stability Board's Taskforce for Climate-related Financial Disclosures (TCFD) recommendations.
- Risk management means ensuring that the financial sector can measure and manage climate-related financial risks.
- Returns means helping investors identify the opportunities in the transition to net zero and report how their own portfolios are aligned for the transition.
- Mobilisation means increasing private financial flows to emerging and developing economies, by connecting available capital with investable projects and encouraging new market structures.
- Common Framework
- Conference of the Parties
- Financial Stability Board
- Green Climate Fund
- Net zero
- Paris Agreement
- Risk management
- Task Force on Climate-related Financial Disclosures
- Ten Point Plan for a Green Industrial Revolution
- United Nations Framework Convention on Climate Change