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If global finance can step up to the net-zero challenge, governments surely can
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Six years ago, in Paris, countries reached an historic agreement to limit the global temperature rise to less than 2C, targeting 1.5C. In finance, we launched the task force on climate-related financial disclosures so that companies would disclose their climate-related risks, allowing finance to measure what matters.
Despite these breakthroughs, in the years that followed, action didn’t match ambition. Few countries pursued the necessary policies, and business investment in decarbonisation was limited. Too many in finance thought that the climate crisis was someone else’s problem.
People will no longer tolerate worthy statements followed by futile gestures. They won’t settle for governments making announcements at Cop summits that they don’t
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