Insights
Ravi Menon’s “Commitment, Capital, and Capabilities for Asia’s Net Zero Journey” Speech
April 2024
Read Chair of the GFANZ Asia-Pacific Advisory Board, Ravi Menon’s speech, “Commitment, Capital, and Capabilities for Asia’s Net Zero Journey” at the GFANZ Asia-Pacific Summit on April 12, 2024.
Renewed Humanism Summit & Award
March 2024
On March 20, 2024, GFANZ Co-Chair Mark Carney was awarded the ‘2024 Renewed Humanism Award’ by the Club of Florence. Read his speech below.
Mark Carney’s Inter-American Development Bank (IDB) Keynote
February 2024
Read GFANZ Co-Chair Mark Carney’s IDB Keynote, “Financial Innovation for Climate Investment and Development” on February 28, 2024.
Regional Network Spotlight: GFANZ Africa Network, Interview with Mahmoud Mohieldin
October 2023
GFANZ recently caught up with Africa Network Advisory Board Chair Mahmoud Mohieldin to talk about what’s next for the Network and the role the continent plays on the road to net zero.
Mark Carney’s Speech at B20 Summit
August 2023
Read GFANZ Co-Chair Mark Carney’s speech at the B20 Summit in Delhi, India, ” Revitalising Global Economic Growth through the Net Zero Transition” on August 26, 2023.
Alliance Member Spotlight: Phoenix Group, Interview with Group CEO Andy Briggs
July 2023
Phoenix Group launched its first net-zero transition plan at the end of May, largely based on GFANZ’s voluntary transition plan framework. GFANZ recently caught up with Group CEO Andy Briggs to talk about Phoenix Group’s net-zero transition plan and what’s next in their work towards net zero.
Mark Carney’s “Making Money Matter for Climate Action ” Keynote
July 2023
Keynote was delivered by Mark Carney at the Southbank Centre on 10 July 2023 as part of ‘Planet Summer’, a season of events responding to the climate emergency.
“How to reap the rewards of coal phaseout” by Mary Schapiro, Vice Chair of GFANZ, and Ravi Menon, Chair of the GFANZ Asia-Pacific Network Advisory Board
June 2023
One of the best ways to fight climate change is to accelerate the retirement of coal power plants. Every credible pathway to avoid the most severe impacts of climate change requires accelerating the closure of the world’s coal capacity.
Read more
(First published by the Straits Times)
Ravi Menon’s Remarks for the Inaugural GFANZ APAC Summit
June 2023
Read “From Coal to Clean: Managed Phaseout in the Asia-Pacific,” Remarks by Ravi Menon, Managing Director, Monetary Authority of Singapore, and Chairman, GFANZ APAC Network Advisory Board, at the GFANZ APAC Summit Opening on June 5, 2023.
Mary Schapiro’s Remarks for the Inaugural GFANZ APAC Summit
June 2023
Read Mary Schapiro’s remarks from the inaugural GFANZ APAC summit, which focused on the network’s progress and global work for 2023.
Spotlight: Venture Climate Alliance, Interview with Alexandra Harbour
May 2023
Last month, the Venture Climate Alliance (VCA) launched with approval from Race to Zero, constituting as a new sector-specific alliance under GFANZ. Following the launch, GFANZ caught up with Alexandra Harbour, founder and chair of the VCA and a principal at Prelude Ventures, to talk about what’s next in their work towards net zero.
Alliance Member Spotlight: NatWest Group, Interview with CEO Alison Rose
March 2023
Last month, NatWest Group released its initial Climate Transition Plan based on the GFANZ transition planning framework and Recommendations. Following the release, GFANZ sat down with NatWest CEO Alison Rose to talk about NatWest’s net-zero transition plan and what’s next in their work towards net zero.
Mary Schapiro’s “Harnessing the Power of the Finance Sector to Advance the Net-Zero Transition” remarks at the Ceres Global Summit
March 2023
GFANZ Vice Chair Mary Schapiro’s opening keynote at Ceres Global on Friday, March 24, 2023, called on every business, including financial institutions, to create net-zero transition plans to manage the risks and opportunities of climate change.
Mark Carney’s Lecture at L’INSTITUT DE FRANCE, Académie des Sciences Morales et Politiques
March 2023
GFANZ Co-Chair Mark Carney addresses Académie des Sciences Morales et Politiques on the subject of global governance of the environment on March 13, 2023.
RMI’s Metrics and Mechanisms to Finance a Managed Coal Phaseout
January 2023
RMI’s Center for Climate-Aligned Finance has created two working papers for private FI involvement financing the managed phaseout of coal power. These papers were prepared at the request of the Glasgow Financial Alliance for Net Zero (GFANZ) and lay out guidance on metrics and targets and financial mechanisms.
Mark Carney’s “The Unbearable Lightness of Beings” Speech at COP15 Finance and Biodiversity Day
December 2022
GFANZ Co-Chair Mark Carney delivers a keynote at COP15 Finance and Biodiversity Day in Montreal, on December 13, 2022, discussing how our actions are changing our Earth’s climate and destroying its biodiversity.
Building the commitments, markets, and tools to finance the global net zero transition
November 2022
GFANZ Co-Chair Mark Carney explains how GFANZ is promoting climate ambition, action, and accountability in the financial sector for COP27 and beyond during COP27 Finance Day.
South Africa’s Just Energy Transition Investment Plan
November 2022
GFANZ is highly supportive of the Just Energy Transition Investment Plan (JET IP) issued by the South African government to support delivery on its updated Nationally Determined Contribution. Under the strong leadership and commitment of the South African government, the JET IP sets out an ambitious but credible approach to a Just Energy Transition in South Africa, with a phase-down of coal power and ramp up of renewable energy, and investment in the net-zero aligned jobs and industries of the future.
Mark Carney’s ‘Climate Finance in a Polycrisis Era’ Opening Keynote at COP27 Finance Day
November 2022
GFANZ Co-Chair Mark Carney delivers the opening keynote at COP27 Finance Day, discussing how private sector finance will be essential to deliver the trillions of dollars needed to limit global warming to 1.5 degrees. Read the speech below.
GFANZ Private Finance Working Group for NWFE: Statement of Support
November 2022
In this Statement of Support, the members of the Glasgow Finance Alliance for Net Zero (GFANZ) Private Finance Working Group for Egypt’s Nexus for Water, Food & Energy (NWFE) express their strong support for the Government of Egypt’s (GoE’s) ambitious plan for energy transition via NWFE. This plan, prepared under the umbrella of the 2050 National Climate Change Strategy (NCCS) and Nationally Determined Contribution (NDC), seeks to achieve inclusive and sustainable growth, a low-carbon development and developing resilience and adaptability to climate change.
Driving Change through Ambition, Action and Accountability
October 2022
Read Mark Carney’s recent speech at The Inaugural Sir Roger Gifford Lecture at Mansion House on October 24, 2022. In this speech, Mark Carney commemorates Sir Roger Gifford, a luminary in climate finance who combined the best in thought leadership with the most determined action.
Mark Carney’s Keynote Address at Achieving a global, 1.5-aligned energy transition
October 2022
Read Mark Carney’s opening keynote from the Achieving a global, 1.5-aligned energy transition event with BloombergNEF, hosted in London on October 6, 2022. The event, hosted by GFANZ and BloombergNEF, brought together a select group of industry experts across energy, finance, civil society, and government to discuss the role of the energy sector on the path to net zero emissions by 2050. The goal being to build consensus on the actions needed in the energy sector to deliver a global, 1.5-aligned energy transition. The session featured keynote speeches from UN Special Envoy and co-chair of GFANZ Mark Carney and the IEA’s Chief Energy Economist Tim Gould.
Statement on Deforestation Financing from the Co-Chairs and Vice Chair of GFANZ
September 2022
GFANZ Co-Chairs Michael R. Bloomberg, Mark Carney, and Vice Chair Mary Schapiro provide a statement on deforestation policies as integral to financial institution transition planning.
Statement on “No New Coal” from Michael R. Bloomberg, Mark Carney, and Mary Schapiro
August 2022
GFANZ Co-Chairs Michael R. Bloomberg, Mark Carney, and Vice Chair Mary Schapiro provide a statement on the ending of all financing activities for new coal.
GFANZ statement on Country Platforms
July 2022
In this Private Sector Statement, GFANZ pledged its support and released recommendations for the implementation of major energy transition Country Platforms for Emerging Markets and Developing Economies (EM&DEs).
For the full list of recommendations and to learn more, read the draft GFANZ Private Sector Statement on Country Platforms below.
Mark Carney’s ‘Financing the Net Zero Revolution’ Keynote Address at Net Zero Delivery Summit
May 2022
Read Mark Carney’s keynote address from the Net Zero Delivery Summit in London, hosted on May 11th and 12th, 2022. This is an international summit, delivered at the halfway milestone between COP26 in Glasgow and COP27 in Sharm El-Sheikh, focusing on net zero delivery and the progress of key priorities for finance agreed at COP26 in Glasgow.
Mary Schapiro’s Remarks for Net Zero Delivery Summit
May 2022
Read Mary Schapiro’s remarks from the Net Zero Delivery Summit on ‘From Commitment to Action: The Role of Transition Plans in Achieving a Net Zero Economy.’
Mark Carney’s ‘Climate Policy is Macro Policy’ Volcker Memorial Lecture at NABE 2022
March 2022
Read Mark Carney’s speech from the NABE Policy Conference, the largest annual public event in Washington to focus solely on economic policy, tackling policy issues through the pragmatic lens of business leaders and economists – with 2022’s theme arranged around “Policy Options for Sustainable and Inclusive Growth.”
Chair’s Summary – COP26 Climate Scenario and Pathways Roundtable
November 2021
Read Mark Carney’s discussion summary from a roundtable with the leading scenario and pathway developers to focus on enhancing the application of climate scenario analysis in the financial sector and alignment with the use of pathways for net zero targets – key objectives of the COP26 Private Finance Strategy.
Mark Carney’s Finance Day Speeches at COP26
November 2021
GFANZ Co-Chair Mark Carney lays out his vision for the role of private finance in transitioning the global economy to net zero. Read both speeches below.
GFANZ Progress Report
November 2021
GFANZ’s new report, The Glasgow Financial Alliance for Net Zero: Our progress and plan towards a net zero global economy, shares the history of GFANZ since its launch in April 2021 and the progress it has made across its seven workstreams in service of accelerating the financial sector’s transition to net zero.
Mobilisation Statement of Support
November 2021
The Mobilisation Statement of Support describes the financial sector’s role in ensuring that sufficient levels of capital flow to emerging markets and developing economies to finance the transition to net zero.
Country Platforms Action Plan
November 2021
Bridging the financing gap in EM&DCs requires a radical change to the international financial architecture, through new country platforms which deploy blended finance at scale, leveraging private finance at significant multiples and connecting standalone private finance with NDCs. Mark Carney sets out his action plan for taking forward work on country platforms at an international level.
Call to Action
October 2021
GFANZ’s Call to Action recognizes that if the world is to achieve an orderly transition to Net Zero – and so avoid the massive human, social, economic loss and financial instability associated with failing to meet the objectives of the Paris Agreement – more governments must follow through on the commitments of the Paris Agreement and ensure a Just Transition to a net zero global economy.
COP26 Call for Climate Commitments
October 2021
A “Call for Commitments” from the COP26 Presidency, the COP26 Private Finance Hub and the High Level Climate Action Champions asking for private financial institutions to announce new ambitious actions at COP26.
Calling for a High Ambition Path to Net-Zero
July 2021
Statement by Mark Carney, (UN Special Envoy for Climate Action and Finance), Günther Thallinger, (Chair, UN-convened Net Zero Asset Owner Alliance), Bill Winters (Group CEO, Standard Chartered), Tim Adams (President and CEO, Institute of International Finance), Annette Nazareth (Senior Counsel at Davis Polk and former Commissioner of the U.S. SEC), and Lord Nicholas Stern (Chair of the Grantham Research Institute on Climate Change, LSE) on Scaling Voluntary Carbon Markets.
GFANZ launch
April 2021
GFANZ’s Launch Document detailing the original goals and structure of the organization when it was launched in April 2021.