COP26 Private Finance Hub

From ACT Wiki
Jump to navigationJump to search
The printable version is no longer supported and may have rendering errors. Please update your browser bookmarks and please use the default browser print function instead.

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.

See also

Other resources