The Glasgow Financial Alliance for Net Zero (GFANZ) is a group of leading financial institutions that have committed to supporting the transition to a net-zero emissions economy. The alliance was launched in November 2021 at the COP26 climate conference in Glasgow, Scotland.
GFANZ members include banks, insurers, asset managers, and other financial institutions with a combined $130 trillion in assets under management. The alliance's goal is to mobilize trillions of dollars in private finance to support the transition to net-zero emissions by 2050.
GFANZ members have committed to a number of actions to support the transition to net-zero emissions, including:
Setting science-based targets for their own emissions reductions.
Investing in low-carbon and climate-resilient businesses and projects.
Disengaging from high-carbon activities.
Working with governments and other stakeholders to accelerate the transition to net-zero emissions.
The Glasgow Financial Alliance for Net Zero is a major step forward in the fight against climate change. By mobilizing trillions of dollars in private finance, GFANZ can help to ensure that the world reaches net-zero emissions by 2050.
Here are some of the benefits of GFANZ:
It can help to accelerate the transition to a net-zero emissions economy by mobilizing trillions of dollars in private finance.
It can help to create jobs and economic growth in the low-carbon economy.
It can help to reduce greenhouse gas emissions and mitigate the impacts of climate change.
GFANZ is a major step forward in the fight against climate change. By mobilizing trillions of dollars in private finance, GFANZ can help to ensure that the world reaches net-zero emissions by 2050.
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