Aligning Finance for the Net Zero Economy
Much of the work in the financial system so far has focused on transparency and reducing risk and how such work can improve through better data and tougher criteria. However, in a rapidly changing world, the important question is how actions in the financial system support the concrete solutions needed in society and how they relate to what is needed for a 1.5 °C compatible scenario, in particular a scenario with significant innovation and transformative system solutions, such as the IPCC’s Low-Energy-Demand (LED) pathway.
This paper discusses the necessary transformations and new opportunities in the global economy and finance sector to meet the objectives of the Paris Agreement. The paper is presented in five sections. The first section introduces a matrix identifying stakeholder roles and actions for climate alignment, compatible with a 1.5 °C pathway.
Written by Dennis Pamlin
Aligning Finance for the Net Zero Economy
Much of the work in the financial system so far has focused on transparency and reducing risk and how such work can improve through better data and tougher criteria. However, in a rapidly changing world, the important question is how actions in the financial system support the concrete solutions needed in society and how they relate to what is needed for a 1.5 °C compatible scenario, in particular a scenario with significant innovation and transformative system solutions, such as the IPCC’s Low-Energy-Demand (LED) pathway.
This paper discusses the necessary transformations and new opportunities in the global economy and finance sector to meet the objectives of the Paris Agreement. The paper is presented in five sections. The first section introduces a matrix identifying stakeholder roles and actions for climate alignment, compatible with a 1.5 °C pathway.
Written by Dennis Pamlin