About the Net Zero Delivery Summit
The City of London Corporation, in association with the COP26 UK Presidency 2022 and the Glasgow Financial Alliance for Net Zero (GFANZ), hosted the Net Zero Delivery Summit in London, on 11th and 12th May 2022. This was a hybrid event, with content livestreamed to a global online audience.
This international summit, delivered at the halfway milestone between COP26 in Glasgow and COP27 in Sharm El-Sheikh, focused on net zero delivery and the progress of key priorities for finance agreed at COP26 in Glasgow.
Hosted by The Lord Mayor of London, Vincent Keaveny, with participation by the COP26 and the GFANZ leadership, as well as financial and professional services (FPS) and business leaders, the summit drove three objectives:
- Maintain momentum on key policy initiatives for finance from COP26;
- Present as best practice, the role of FPS in helping the wider economy achieve net zero;
- Secure London’s role as a strategic leader on sustainable finance.
These critical discussions, held over two days, took place against a backdrop of conflict in Europe and rising geopolitical tensions across the world. Senior international policymakers, experts and Ministers address what the current challenge to energy security and disruption to supply chains means for the net zero agenda and its implementation; how FPS is supporting net zero delivery across the wider economy; and how finance is being effectively mobilised to support the net zero transition in emerging markets, to build climate resilience in developing countries and secure a just transition to net zero.
Over the two days, the Summit featureed a series of keynotes and ‘In conversation’ sessions with high-level international participants.
Four speaker panels over two days discussed:
- Net Zero Implementation, providing a deep dive into how the financial sector and the real economy can realize their net-zero commitments through credible, ambitious net-zero transition plans.
- Capital Mobilisation to Emerging Markets and Developing Economies exploring the solutions needed to increase the flow of private capital to emerging markets and developing economies to finance the transition to a low-carbon economy.
- Net Zero Public Policies discussed how regulators and policymakers are helping mobilise capital towards a greener, more climate-resilient economy, with reference to sustainability data, disclosure, and standards.
- The Road to COP27 looked forward to COP27 and beyond, focusing on the milestones in the lead-up to Sharm El-Sheikh and ambitions for finance initiatives at the conference.
Speakers included Mark Carney, Co-Chair of GFANZ and UN Special Envoy for Climate Action and Finance; John Kerry, US Special Presidential Envoy for Climate Change; Mairead McGuinness, European Commissioner for Financial Services, Financial Stability & Capital Markets Union; Alok Sharma, MP, and COP 26 President; Vincent Keaveny, Lord Mayor of London; Mary Schapiro, Vice Chair and Head of the Secretariats for GFANZ and Task Force on Climate-related Financial Disclosures; Nigel Topping, High Level Champion for Climate Action COP26.