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Financial sector net zero commitments and metrics
Oct 2, 2023 | 1:25 PM - 2:40 PMConference Room CC15
Oct 2, 2023 | 1:25 PM - 2:40 PM
Conference Room CC15
Recent momentum behind commitments made by financial institutions on net zero GHG emissions is encouraging. However, turning increased ambition into outcomes that contribute to a net zero transition by 2050 remains a major challenge. There is a need for a range of robust and comparable metrics and information to better understand, identify and assess the climate change mitigation impact of assets and activities in financial markets, as well as facilitate capital allocation towards activities that support a net zero transition. This session will bring together policy makers market participants and stakeholders to discuss progress on consistent metrics to monitor financial institutions’ net zero commitments and help facilitate the reallocation of capital towards financing the transition to low-GHG emissions alternatives. This session will build on the earlier break-out session on “The use of climate mitigation scenarios for financial sector target setting, transition planning and alignment assessment”, as well as on the plenary “Accelerating the climate transition of emission-intensive sectors”.
