ESG & Investing
Climate-Finance Group GFANZ Eases Membership Requirements
Mark Carney is co-chair of GFANZ, the world’s biggest climate-finance coalition.
Photographer: Ting Shen/BloombergThis article is for subscribers only.
The world’s biggest climate-finance coalition will no longer require its sub-alliances to be members of a UN-backed group that had tried to set binding restrictions on fossil-fuel finance earlier this year.
Race to Zero membership has been removed as a condition for being part of the Glasgow Financial Alliance for Net Zero, according to Curtis Ravenel a senior adviser to GFANZ co-chair, Mark Carney.