Achieving the objective agreed in the Paris Agreement to limit global temperature increases to 1.5°C requires wholesale structural change. We need credible government policy, net zero plans from companies and all forms of finance—public, private, and blended capital—to transform economies. With recent action from governments and major commitments from private finance to align all their lending and investment with net zero, we are on the cusp of realizing a sustainable revolution.
In this talk, Mark Carney, UN Special Envoy for Climate Action and Finance discusses the quantum of capital required for the transition, the finance available for investment today, and the structures and markets we need to develop to unlock financial flows to the projects and countries where it is needed most.
Full transcript can be read here.