UNFCCC sets pathway for finance

The UN Climate Change Secretariat has published a new climate action pathway for finance which sets out a roadmap for financial markets and the real economy to align with a sustainable and resilient net-zero emissions future.

First launched in 2019, the pathways set out sectoral visions for achieving a 1.5C resilient world in 2050, with overarching milestones, and key impacts that need to be achieved to realise them. The pathway seeks to help create a long-term investment mindset by setting net-zero targets before 2050 and then embedding meaningful short- and medium-term steps in a credible plan to evolve business strategies to align with a net-zero world by using climate-aware sustainable approaches to risk management and incentives by ensuring that markets can obtain and use the data and disclosure that they need to assess risks, while taking advantage of breakthrough technologies.

The pathway also foresees investing at scale in zero-carbon, resilient infrastructure and nature-based solutions to ensure a just and equitable transition away from high-carbon development to zero-carbon resilient infrastructure, as well as investing in nature as a solution so that all economies can grow sustainably.

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