London Stock Exchange Group welcomes The Net Zero Delivery Summit
Mark Carney, UN Special Envoy on Climate action and Finance, and Co-Chair, GFANZ opened the market to celebrate the Net Zero Delivery Summit, organized by the City of London Corporation in association with COP26 Presidency UK and Glasgow Financial Alliance for Net Zero (GFANZ).
The City of London Corporation, in association with the COP 26 UK Presidency 2022, is organizing the Net Zero Delivery Summit at the Mansion House, London, on 11th and 12th May 2022.
This international summit, delivered at the halfway milestone between COP 26 in Glasgow and COP 27 in Sharm El-Sheikh, will focus on net zero delivery and the progress of key priorities for finance agreed at COP 26 in Glasgow.
COP26 attracted unprecedented presence and engagement from the financial and professional services (FPS) sector, with the UK and City leading on the commitment to realign trillions of dollars towards global net zero. Almost 200 countries agreed to the Glasgow Climate Pact which aims “to keep 1.5C alive” and complete the Paris Agreement, by accelerating action on climate this decade.
In Glasgow, countries agreed the way forward for the new post-2025 climate finance goal with up to $130tn of private capital committed to reaching net zero by 2050.
The Net Zero Delivery Summit will evaluate the progress made so far, set new milestones, and accelerate on delivery.
Senior international policymakers, experts and Ministers will address what the current challenge to energy security and disruption to supply chains means for the net zero agenda and its implementation; how financial and professional services are supporting net zero delivery across the wider economy; and how finance is being effectively mobilised to support the net zero transition in emerging markets, to build climate resilience in developing countries and secure a just transition to net zero.
Hosted by The Lord Mayor of London, Vincent Keaveny, with participation from the COP 26 and the Glasgow Financial Alliance for Net Zero (GFANZ) leadership, as well as FPS and business leaders, the summit will commit to driving three objectives:
- Maintain momentum on key policy initiatives for finance from COP 26;
- Present as best practice, the role of FPS in helping the wider economy achieve net zero;
- Secure London’s role as a strategic leader on sustainable finance.
Speakers include, John Kerry, Special Presidential Envoy for Climate, Alok Sharma, MP, and COP 26 President; Mark Carney, Co-Chair of GFANZ and UN Special Envoy for Climate Action and Finance, Mary Schapiro, Vice Chair and Head of the Secretariats for GFANZ and Task Force on Climate-related Financial Disclosures, Nili Gilbert, Vice Chair Carbon Direct, Nigel Topping, High Level Champion for Climate Action COP 26, and many others