IWAS recently given the great honour of welcoming
The King oversaw the launch of a Climate Clock, counting down to 2030, warning the world it had just six years and 24 days to limit the heating of the earth to 1.5C. This clock was immediately displayed in Piccadilly Circus and across the country in
I should be clear that I do not believe for a second that this fact is lost on those who signed the Paris Climate Agreement in 2015, or any of the delegates and VIPs at the many successful COPs since. However, it is worth reiterating.
Last week, the government announced an £80m cash boost to help companies cut their carbon footprint which will help turn the dial on climate action in various sectors. Among the businesses that received the funding was
If we want to meet our Paris Climate goals, then we need at least $100tn of sustainable investment between now and 2050. These clean energy infrastructures and significant changes to agriculture and manufacturing will not come solely from government intervention; private finance has a huge role to play in bridging this gap.
Thankfully we have seen great efforts and enthusiasm from the financial services industry around the world for this work. Over the last two years, organisations that manage $85tn of private capital have committed to hitting net zero emissions targets by 2050, including over 500 banks, insurers, and asset managers across 45 countries.
The time for global collaboration is now - not just financial services working across international borders, but governments, regulators, innovators, academics, insurers, project managers, engineers - especially when it comes to
Last week, I spoke at the
The introduction of a countdown clock won't change the world but it reminds us of our commitments to tackle climate change and our obligation to create a just transition. £
(c) 2023 City A.M., source