Note from Confluence President & CEO Dana Lanza:
Confluence friends, please read this piece from Environmental Finance by Michael Northrop, Program Director, Sustainable Development at the Rockefeller Brothers Fund: GFANZ fails to deliver at COP26.
Northrop concludes that the Global Finance Alliance for Net Zero (GFANZ) organized by Mark Carney and launched at COP26 lacks specifics on how banks and investors will align their lending and investments to a 1.5 degree Celsius future.
Given the urgent need, described by the International Energy Agency, to stop finance for new fossil fuel development immediately, the GFANZ launch is not cause to celebrate but to worry. How can impact investors who are members of Confluence join forces to encourage our colleague lenders and investors to get serious. This must be our work in 2022.
Click here to read Michael Northrop's full piece from Environmental Finance: GFANZ fails to deliver at COP26.
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