An image of a globe depicting our planet, and the following text next to it: UN Climate Change Conference UK 2021 In Partnership with Italy

01.04.2021

Climate & Development Ministerial Chair’s Summary

The UK COP26 Presidency convened a Climate and Development Ministerial on 31 March 2021.

10 minute read

Ministers from Antigua and Barbuda, Bangladesh, Bhutan, Brazil, Canada, Chile, Colombia, Costa Rica, Democratic Republic of the Congo, Egypt, Ethiopia, the European Union, Fiji, France, Gabon, Germany, Ghana, Grenada, Guinea, India, Italy, Jamaica, Japan, Malawi, Maldives, Marshall Islands, Morocco, Norway, Pakistan, Philippines, Rwanda, South Africa, Sudan, Trinidad and Tobago, Tuvalu, United States, United Arab Emirates, the Deputy Secretary General of the United Nations, and heads of the Asian Development Bank, Green Climate Fund, Asian Infrastructure Investment Bank, European Bank for Reconstruction and Development, African Development Bank, Adaptation Fund, Caribbean Development Bank, Global Environment Facility, Inter-American Development Bank, International Monetary Fund, World Bank, Organisation for Economic Co-operation and Development, The Society for the Promotion of Area Resource Centres (SPARC) India, The Indigenous Peoples’ Caucus and youth representatives from The Mongolian Sustainable Finance Association, and Footsteps Bangladesh attended the Ministerial. In such challenging times, the COP26 Presidency was heartened by participants’ show of unity to address the collective challenges caused by climate change, and fervour to seize this once in a generation chance to deliver a global green and resilient recovery from COVID-19. 

In his opening remarks the COP26 President emphasised the need for partners to come together around practical solutions. He reiterated that the steps taken today were in support of the COP26 Presidency’s stated goals of cutting emissions to keep 1.5 degrees in reach, facilitating greater action on adaptation, mobilising finance for climate action and coming together to make the COP26 negotiations a success. The UK’s Foreign, Commonwealth and Development Secretary emphasised the need to consider where international systems can do more to deliver urgent climate action. Speaking directly to the donors and financial institutions in the room, he emphasised that the mobilisation of finance is essential for implementation of the Paris agreement, and that we need to tackle this head on alongside the intertwined issue of recovery from the pandemic. Ahead of this ministerial a series of independent expert workshops helped to identify a set of key issues for Ministerial Discussion. Individual contributions made during the discussions have been combined with written submissions from non-participants, and remarks at an all Member State briefing at the UN, and captured below. 

All participants welcomed the opportunity to address issues related to climate and development in the round; recognising the importance of it to tackling climate change and making progress towards a green and resilient recovery from COVID-19 ahead of COP26. Ministers and representatives from institutions and civil society discussed the following and agreed to take steps ahead of COP26 as outlined in the climate and development pathway annexed to this Chair’s Summary. The UK COP26 Presidency will reflect on progress in September 2021.

Access to finance

Ministers outlined the urgent need for access to all types of finance, to decarbonise their economies, and adapt to climate change as the world recovers from COVID-19. Participants recognised that whilst the amount of climate finance was increasing, there were barriers to accessing the finance needed to support the delivery of climate action and sustainable development.

Participants highlighted challenges including: the transparency of finance flows, high application and reporting requirements for bilateral and multilateral finance, and the importance of harmonising requirements across finance providers. The importance of increased use of direct access modalities was also raised by several participants. The participants recognised that political will was required to streamline and simplify approaches and that greater individual and collective action would be needed before COP26. Aligning climate finance behind national plans, including Nationally Determined Contributions and National Adaptation Plans, was proposed by many as a more effective way to finance climate action. Enhanced support for development of national plans as integrated investment tools and the importance of strengthened in-country-coordination between climate finance providers were highlighted as key components.

Following calls for a Task Force on access to finance, the UK will work with Fiji and other interested countries to initiate a new Task Force on access to finance. Interested vulnerable and developing countries, finance providers and existing initiatives will be convened with a view to presenting a concept note and work plan by the Petersberg Climate Dialogue on 6-7th May. The aim will be to agree to pilot a new approach in some pioneer countries by COP26.

Participants highlighted challenges in accessing available finance from the climate funds, including the Green Climate Fund (GCF). The Updated Strategic Plan for the GCF contains commitments on improving access. The June and October meetings of the GCF Board are important moments for Board members to ensure progress on the work plan for implementing these commitments. Participants also discussed the need to increase the proportion of finance that reaches the local level and that new mechanisms were needed to improve access and empower the most vulnerable countries and communities. Several participants highlighted the challenges for all climate vulnerable countries, whatever their level of income, in accessing public and private finance.

Responses to Climate Impacts

Participants stressed that increased Nationally Determined Contributions and near-term action to mitigate against climate change were essential for limiting warming below 1.5 degrees and limiting future adaptation needs. Several countries outlined their intention to bring forward their nationally determined contributions and some highlighted the importance of a just transition away from coal with support playing an important role. Other participants noted the importance of relocation with dignity where necessary, respecting nations’ sovereignty. 

Participants emphasised that the effects of climate change are already being felt, and that it is often the most vulnerable who are hit hardest. Participants raised a range of practical challenges to taking action on adaptation and loss & damage and stressed the urgent need to accelerate action to address growing extreme weather. The country specific nature of climate extremes was also noted, especially in countries particularly vulnerable to climate change, reflecting that the global response needed to respond to these differences. Participants highlighted the importance of mainstreaming climate risk and adaptation into government-wide national planning and budgeting and enabling national capacity to effectively deliver sustainable development and growth. Participants also highlighted the value of National Adaptation Plans and Adaptation Communications to this end. Climate modelling and data was also recognised as an important tool to help facilitate early action. The importance of integrating nature based solutions into national planning was underlined, with a number of participants referencing examples of best practice. The incoming COP26 Presidency encourages submission of these ahead of COP26, wherever possible. 

The importance of drawing on the knowledge held by indigenous peoples, women, rural communities, young people and local authorities was also emphasised, along with the importance of pursuing rights-based approaches. The Principles for Locally Led Adaptation were noted as an effective framework to bring local actors into decision making on climate adaptation. Participants noted the importance of investment in countries’ long-term capacity to manage and implement action, following the example of the LDCs as set out in their 2050 vision. During consultations, initiatives such as the African Adaptation Initiative and LDC Initiative for Effective Adaptation and Resilience were recognised as important vehicles for supporting national, regional and local ownership of projects.

Many participants acknowledged the opportunities for job creation, role of technology and innovation, and wider sustainable development in action to prepare for and respond to climate impacts. Participants called for more opportunities for building capacity across key sectors – including agriculture, infrastructure and water security –  for sharing good practice, and scalable solutions that can be replicated across different country-contexts. Platforms such as the Adaptation Action Coalition would be a good forum for taking this work forward.

Participants identified improvements in disaster risk reduction, response, and support to improve the resilience of infrastructure and critical services as crucial. They highlighted the importance of improved access to affordable disaster risk finance to protect against residual risks. Regional risk pools were highlighted as an approach that enabled strong local ownership. Participants also highlighted the need for strengthened international risk forecasting to increase preparedness to major crisis risk.  As G7 President, the United Kingdom outlined its intention to host discussions on these issues at the Foreign and Development Ministers Meeting on 3 May with a view to securing additional financial support by the G7 Leaders’ Summit on 11-13 June. 

Participants underlined the importance of finding practical solutions to tackle loss and damage. The COP26 Presidency announced its intention to host consultations, in cooperation with Chile, with parties and other stakeholders with a view to advancing operationalisation of the Santiago Network on Loss and Damage ahead of COP26. The incoming Presidency will similarly hold workshops with parties on the Global Goal on Adaptation, to build mutual understanding on how progress on the Global Goal can be understood and represented.    

Quantity, quality and composition of climate finance

Participants outlined the financial challenges posed by the COVID-19 pandemic and highlighted the opportunity for a global green and resilient recovery. Many participants  highlighted the scale of the climate finance needed to implement national climate action. Whilst there was a recognition that all forms of finance would play a role – public and private, domestic and international – participants stressed the urgency and importance of developed countries delivering on their commitment to jointly mobilise $100bn of climate finance a year by 2020, recognising that this is a floor and not a ceiling, and increasing this through to 2025, from a range of public and private sources. 

Participants agreed that there was a pressing need to scale up finance for adaptation and resilience, with many calling for a better balance between mitigation and adaptation finance, and some suggesting that developed countries should aim for a 50:50 ratio in their public finance. Many also noted the importance of an increase in grant financing, especially for adaptation. Participants also raised the importance of investing in nature-based solutions. A new multi-stakeholder initiative, the Voluntary Carbon Market Integrity Initiative, was launched today to strengthen high-quality voluntary carbon markets, highlighting the opportunity to increase private finance flows into a range of sectors important to national mitigation and adaptation plans, including forests and land-use.

It was highlighted that transparency and predictability of finance was imperative to a resilient recovery and sustained investment in climate action. The COP26 Presidency will take forward discussions on the future finance agenda and transparency and predictability in advance of the COP. Participants also discussed the importance of transparency for attracting private finance and the importance of long-term financing. Climate finance was highlighted as an important factor for advancing equality and social inclusion, increasing gender responsiveness, the inclusivity of persons with disabilities and delivering on the needs of those most impacted by climate change. 

Developed country Ministers stressed their commitment to increasing both the quality and quantity of finance towards the $100bn a year goal and particularly to improve the balance of adaptation to mitigation finance. A pathway for addressing these challenges was outlined, noting the Earth Day Summit, Petersberg Climate Dialogue and the G7 Leaders’ Summit as critical opportunities for further climate finance pledges. The Petersberg Dialogue was highlighted as an important moment for further action; including discussion of how fulfilment of the $100bn could support a green and resilient recovery from COVID-19.

Participants highlighted the role of international financial institutions and development banks and their boards. Some participants called for a more creative approach to development bank financing, recognising the climate and COVID-19 emergencies and taking more risk on balance sheets. Participants highlighted that work should be prioritised to assess Multilateral Development Banks capacity to provide further financing, through both additional concessional financing including a replenishment of IDA and progress on balance sheet optimisation. Others went further and called for progress on reviewing the financial architecture and deeper reforms, highlighting opportunities for restructuring the global financial architecture in support of greater financial flows. 

Participants acknowledged the need to mobilise greater flows of private finance towards adaptation, the need for new financial instruments and to secure support to grow the markets of local companies providing resilience products and services. They reiterated the important role of Development Finance Institutions, IFIs and international climate funds. The COP26 Presidency noted the DFI+ Collaborative on Accelerating Investment in Adaptation and Resilience, launched in November at the Finance in Common Summit. This brings together Development Financial Institutions and other development agencies to improve coordination between actions needed to help overcome barriers to private investment in adaptation and climate resilience. Additional members from the G7 and EDFI are being invited to join ahead of the next Finance in Common Summit and COP26.The United Kingdom confirmed it would raise the need for significant commitments from DFIs at the G7 Foreign and Development Ministers Meeting.  

Participants raised several elements related to the formal UNFCCC process, including on the long-term finance agenda and initiation of deliberations on the new collective finance goal post-2025. The COP26 Presidency reiterated that the $100bn goal is of the utmost importance to all countries, and expressed its commitment to driving progress on all UNFCCC issues. Many participants also raised the importance of aligning financial flows with the long-term goals of the Paris Agreement, with some suggesting the importance of greater discussion on the implementation of Article 2.1c.

Fiscal Space and debt sustainability

Participants recognised that governments’ fiscal pressures have been exacerbated by the pandemic, impacting countries’ abilities to pursue their development priorities, including the increasingly urgent and evident issues of climate change and biodiversity loss. Some participants noted that climate impacts such as disasters or extreme weather, further constrain fiscal space. According to the IMF/World Bank debt sustainability analyses, about half of low-income developing countries are at high risk of debt distress or are in debt distress already.  Creating fiscal space, both through international initiatives and domestic efforts, was judged as critical to creating the conditions for countries to achieve a green, inclusive and resilient recovery.

Since the beginning of the COVID-19 crisis, the international community has come together to help alleviate the fiscal challenges of the pandemic faced by low-income countries, including those most vulnerable to climate change. The IMF, Multilateral Development Banks (MDBs) and G20 have agreed a series of measures to address these challenges and create fiscal space including through the Debt Service Suspension Initiative (DSSI), the G20 Common Framework for Debt Treatments beyond the DSSI, and the replenishment of the IMF’s Catastrophe Containment and Relief Trust. In addition, the IMF has approved financial assistance to 85 countries so far, totalling USD 107 billion and MDBs have collectively aimed to commit approximately USD 230 billion to emerging and low-income countries as a response to the pandemic.

Participants expressed their strong support for the sustained roll out of these measures and agreed that the financial reform discussions prompted by the COVID-19 pandemic should take a structural approach that fully considered climate risks and opportunities. Participants also recognised the importance of increased transparency and quality of climate finance, including effective options for access to concessional finance and innovative financial tools, which will help to avoid increasing fiscal pressures in the pursuit of climate goals. The significant potential of boosting domestic resources mobilisation was also highlighted, for example through combating illicit financial flows and technical assistance to protect the domestic tax base and the environment through implementing policy tools such as international tax standards and carbon pricing.           

The IMF highlighted that a new SDR allocation of $650 billion would provide a liquidity boost for all members. The voluntary reallocation of SDRs by countries with strong external positions to support the most vulnerable member countries would also be welcome. Participants noted that this would free up further resources for the most vulnerable countries, providing more space to pursue green, inclusive and resilient pathways as part of their recovery.

The IMF outlined that it is stepping up its engagement on climate, including in its Article IV consultations reports and Financial Sector Stability Assessments. These efforts will strengthen the assessment of climate risk and transition strategies within its macroeconomic and financial stability surveillance, and also highlight the benefits of countries’ supporting climate investment to encourage low-carbon and climate resilient growth, and fiscally sustainable economies. The World Bank, in collaboration with the IMF/UN/OECD and other stakeholders, is hosting a Climate, Debt and Nature working group. The working group will provide further details on how it would take forward discussions on these issues during the World Bank and IMF Annual Meetings in October.

Italy, in their role as Presidency of the G20, attach priority to stepping up support for vulnerable countries especially Low Income Countries. To this aim it highlighted that further discussions on debt are taking place through the G20 Finance Track. Italy noted that they were working to reach a consensus in support of a further and final extension of the Debt Service Suspension Initiative to end-2021, while also highlighting continuing collaborative work on the Common Framework, with the involvement of the private sector. Participants welcomed that these issues are being taken forward. Italy flagged the meeting of Finance Ministers and Central Bank Governors to be held in Venice in July as a key event for discussing climate issues.

Italy also highlighted the work of the G20 Development Working Group, which will support the implementation of Integrated National Financing Frameworks, the use of debt-related resources towards the SDGs, and scaling-up financial instruments linked to sustainability in developing countries. France highlighted that the Summit on African Economies, in May, will cover the fiscal and economic challenges facing countries.

Next steps

The UK Presidency will work with countries, institutions, civil society, and others on the issues and actions highlighted in this summary in the run up to COP26.

Some of the key milestones are set out in accompanying pathway document here.

An image of a globe depicting our planet, and the following text next to it: UN Climate Change Conference UK 2021 In Partnership with Italy

24.02.2021

UK to host global summit on climate and development

COP26 President and Foreign Secretary to co-host March 31st summit on supporting countries most vulnerable to climate change.

6 minute read

  • Developing countries face multiple threats from rising temperatures, economic shocks and COVID-19
  • Climate and Development Ministerial will look mitigating the impacts of climate change, debt relief and access to finance

Countries that are most vulnerable to the impacts of climate change will be the focus of a UK summit next month, as part of the road to COP26 in Glasgow this year. 

Many developing countries are experiencing the impacts of climate change – including flooding, drought and extreme temperatures. These countries are also facing challenges caused by the COVID-19 pandemic and the resulting financial pressures. 

The Climate and Development Ministerial will bring together countries and partners to focus on how we work together on these issues and prevent them from getting worse. This includes through mitigating the impacts of climate change, debt relief and access to finance. 

The event, which will be hosted by the UK and co-chaired by the COP President, Alok Sharma and the Foreign Secretary, Dominic Raab, will be convened virtually on the 31st March. Anne-Marie Trevelyan, the UK International Champion on Adaptation and Resilience for COP26, will also attend. 

Developing countries have been at the frontlines of responding for decades and have a lot to teach the world about best practice.

The outcomes from this will help to shape the agenda in other key international fora through to COP26 and beyond.

“One of my top priorities as COP President is to champion global action for vulnerable countries on the frontline of climate change and the Climate and Development Ministerial is a key part of this approach.”

COP26 President Designate, Alok Sharma

“The world’s poor are disproportionately affected by these issues, but stand ready to meet this challenge. This process from the UK government is critical for bringing together experts from all regions to co-design practical solutions with developing countries to deliver a step-change on climate and development this year.”

Director of the International Institute for Environment and Development, Andrew Norton
Proudly Hosted In Glasgow COP26 thumbnail

20.01.2021

COP26 volunteer programme launches ahead of global event

3 minute read

People asked to step forward and get involved as applications open.

Applications have today, Wednesday 20 January, opened for the volunteer programme for the 26th United Nations Climate Change Conference – COP26.

The UK will host the international summit at the Scottish Event Campus (SEC) in Glasgow on 1 – 12 November 2021 and Glasgow City Council is looking for a team of around 1000 volunteers to support the staging of this globally significant event.

Anyone interested in volunteering is invited to step forward and submit their application at www.ukcop26.org/volunteer. Applications are open now until Wednesday, 31 March.

These vital climate talks are expected to bring together the largest gathering of heads of state ever hosted in the UK, alongside climate experts and campaigners, to agree coordinated action to tackle the climate emergency.

A variety of volunteer roles will be available in both Glasgow and Edinburgh, including providing information on the conference and the venues, supporting delegates staying in and travelling around the city, and promoting the best of what Glasgow and Scotland has to offer.

Glasgow has firmly established itself among the best in the world at hosting world-class events and volunteers have long been at their centre. Our COP26 volunteers will provide delegates and visitors with our world-famous warm Glasgow welcome, ensuring they have the best possible experience. We are proud to be staging COP26 and I would encourage anyone interested in grasping this opportunity to step forward and be part of our volunteering team. You will be joining a collective of people who share your enthusiasm for the event, the cause and our vibrant city.

Leader of Glasgow City Council, Councillor Susan Aitken

Time and time again we see the generosity of the great British public in making global events a triumph, and we are asking you to play a part in making COP26 a huge success. This is an exciting opportunity to volunteer in Glasgow and help us all tackle climate change.

COP26 President Alok Sharma

Being part of the volunteering programme is a cracking opportunity to represent your city. Through volunteering I’ve learned so many things and met so many people. Volunteering at COP26, in particular, will be a once-in-a-lifetime chance so for anyone thinking of applying, my advice would be: do it! Event volunteering is such a buzz, you get so much from it and it opens your mind. There’s also a community spirit among all the volunteers. You’re joining people from all walks of life and it gives you a warm feeling to know you’re part of that team.

Proud Glaswegian Karen Donaldson from Cardonald, who has volunteered at the Glasgow 2014 Commonwealth Games and Glasgow Doors Open Day

I’m very passionate about climate change so the COP26 volunteer programme is a fantastic opportunity for me to follow that passion and represent the city I love and call home, to an international audience. Whether you want to have new experiences, learn new skills or represent your city, I recommend you take this opportunity to be involved in a collective, collaborative effort in Glasgow and make it your own. It’s a really exciting thing to be part of and I personally hope to come away with a fantastic experience that I’ve learned from and can use in the future.

Scott Twigg of Govanhill, who is originally from Liverpool and has lived in Glasgow for five years

Ahead of taking on their roles, volunteers will receive a workshop on sustainability from the UN and be given the training and tools required to carry out their roles successfully and confidently.

As part of the recruitment launch, local volunteering ambassadors from across the city have stepped up to be the face of the campaign and encourage others to get involved.

They spoke about their experience of volunteering and its many benefits, including gaining valuable life and career experience and new skills, meeting new people, having fun and feeling part of a community.

COP26 was postponed by a year to November 2021 to allow time to deliver a successful summit while the world tackles the pandemic. Organisers’ intent remains to hold the summit in person, with Glasgow as host city, whilst putting the health and wellbeing of all involved at the centre of any future decisions on the event.

Apply now to be a COP26 volunteer at www.ukcop26.org/volunteer.

Applications close Wednesday, 31 March 2021.

An image of a globe depicting our planet, and the following text next to it: UN Climate Change Conference UK 2021 In Partnership with Italy

04.11.2020

Joint statement on US Withdrawal from the Paris Agreement

2 minute read

The UNFCCC and the Governments of the UK, Chile, France and Italy have issued a joint statement on the US Withdrawal from the Paris Agreement.

There is no greater responsibility than protecting our planet and people from the threat of climate change. The science is clear that we must urgently scale up action and work together to reduce the impacts of global warming and to ensure a greener, more resilient future for us all. The Paris Agreement provides the right framework to achieve this. Our efforts must include support for those countries and communities at the frontline of climate change. It is vital that we take renewed action to hold the temperature rise to well below 2 degrees and take best efforts to limit warming to 1.5 degrees.

On 12 December we will be celebrating the five year anniversary of the Paris Agreement. We must ensure that it is implemented in full. We note with regret that the US withdrawal from the Paris Agreement has formally come into effect today. As we look towards COP26 in Glasgow, we remain committed to working with all US stakeholders and partners around the world to accelerate climate action, and with all signatories to ensure the full implementation of the Paris Agreement.

An image of a globe depicting our planet, and the following text next to it: UN Climate Change Conference UK 2021 In Partnership with Italy

29.05.2020

New dates agreed for COP26 United Nations Climate Change Conference

5 minute read

The COP26 UN climate conference will now take place between 1 and 12 November 2021 in Glasgow.

The Bureau of the Conference of the Parties to the UNFCCC (United Nations Framework Convention on Climate Change), with the UK and its Italian partners, agreed today new dates for the COP26 UN climate conference, which will now take place between 1 and 12 November 2021 in Glasgow.

The agreement followed consultation with UNFCCC members, delivery partners and the international climate community. The conference was originally set to take place in November 2020, but had been postponed due to COVID-19.

In the run up to November 2021, the UK as hosts will continue to work with all involved to increase climate action, build resilience and lower emissions. The new date will also allow the UK and our Italian partners to harness our incoming G7 and G20 presidencies in driving climate ambition.

The decision on the new date comes as the UK Government announces that over 25 experts in multiple global sectors will be advising the COP26 Presidency.

The Friends of COP bring expertise from countries across six continents, including France, Barbados, Chad, Australia, India and Peru. They will advise the UK Government and inspire action from their sectors ahead of the conference.

The Friends of COP include Selwin Hart, Special Adviser to the United Nations Secretary-General on Climate Action, Eric Garcetti, Mayor of Los Angeles and Sharan Burrow, General Secretary of the International Trade Union Confederation.

While we rightly focus on fighting the immediate crisis of the Coronavirus, we must not lose sight of the huge challenges of climate change. With the new dates for COP26 now agreed we are working with our international partners on an ambitious roadmap for global climate action between now and November 2021. The steps we take to rebuild our economies will have a profound impact on our societies’ future sustainability, resilience and wellbeing and COP26 can be a moment where the world unites behind a clean resilient recovery.

Everyone will need to raise their ambitions to tackle climate change and the expertise of the Friends of COP will be important in helping boost climate action across the globe.

Alok Sharma, COP26 President and Secretary of State for the Department of Business, Energy and Industrial Strategy

I am glad that consultations with Parties have made it possible to collectively and quickly agree new dates for COP26. The new dates mean the conference will be at a time when the Covid-19 tragedy will be behind us and we will be able to ensure inclusiveness, for us a fundamental prerequisite for an ambitious COP26 based on global commitment to action.

Between now and November 2021 we will take advantage of every international opportunity to increase ambition and mobilization, also harnessing the G20 under the Italian Presidency and the G7 under the British Presidency.

 Sergio Costa, Italian Minister for the Environment, Land and Sea Protection

It is very important that we continue to push for climate action, and having quickly agreed on new dates for COP26 is a sign of this commitment. While the subsidiary body sessions (SB52) were also postponed 4-12 October 2020, the work of the Parties and stakeholders will continue through virtual meetings such as the upcoming ‘June Momentum’.

The urgency with which governments and the way in which countries promote recovery from the post-COVID-19 crisis will directly affect the other serious global crisis we are experiencing: global warming and climate change crisis. That is why we will continue to strongly mobilize all actors. We need more ambition to reduce emissions, to build resilience and to cooperate with each other.

Carolina Schmidt Zaldívar, COP25 President and Minister of Environment of Chile

Our efforts to address climate change and COVID-19 are not mutually exclusive. If done right, the recovery from the COVID-19 crisis can steer us to a more inclusive and sustainable climate path.

We honour those who we have lost by working with renewed commitment and continuing to demonstrate leadership and determination in addressing climate change, and building a safe, clean, just and resilient world.

Patricia Espinosa, UN Climate Change Executive Secretary

Petersberg climate dialogue (roman numerals) XI. April 27 to 28, 2020

04.05.2020

Petersberg Climate Dialogue summary video

2 minute read

Over 30 climate ministers and high-level representatives met via video call for day two of the Petersberg Climate Dialogue on 28 April 2020.

Petersberg Climate Dialogue summary

On 28 April 2019, over 30 climate ministers and high-level representatives met via video call for day two of the Petersberg Climate Dialogue.

The eleventh Petersberg Climate Dialogue was co-hosted by Secretary of State for Business, Energy and Industrial Strategy and designated COP26 President, Alok Sharma, and the German Federal Minister for the Environment, Nature Conservation and Nuclear Safety, Svenja Schulze.

Due to the Coronavirus pandemic, the PCD was convened as a series of video conferences on 27 and 28 April 2020. It normally takes place in Germany each year.

An image of the UK COP26 website logo with a picture of a globe and the following text: UN Climate Change Conference UK, which has been postponed until 2021

02.04.2020

COP26 postponement

5 minute read

The COP26 UN climate change conference set to take place in Glasgow in November has been postponed due to COVID-19.

The COP26 UN climate change conference set to take place in Glasgow in November has been postponed due to COVID-19.

This decision has been taken by representatives of the COP Bureau of the UNFCCC (United Nations Framework Convention on Climate Change), with the UK and its Italian partners.

Dates for a rescheduled conference in 2021, hosted in Glasgow by the UK in partnership with Italy, will be set out in due course following further discussion with parties.

In light of the ongoing, worldwide effects of COVID-19, holding an ambitious, inclusive COP26 in November 2020 is no longer possible.

Rescheduling will ensure all parties can focus on the issues to be discussed at this vital conference and allow more time for the necessary preparations to take place. We will continue to work with all involved to increase climate ambition, build resilience and lower emissions.

The world is currently facing an unprecedented global challenge and countries are rightly focusing their efforts on saving lives and fighting COVID-19. That is why we have decided to reschedule COP26.

We will continue working tirelessly with our partners to deliver the ambition needed to tackle the climate crisis and I look forward to agreeing a new date for the conference.

Alok Sharma, COP26 President-Designate and Secretary of State for Business, Energy and Industrial Strategy

COVID-19 is the most urgent threat facing humanity today, but we cannot forget that climate change is the biggest threat facing humanity over the long term.

Soon, economies will restart. This is a chance for nations to recover better, to include the most vulnerable in those plans, and a chance to shape the 21st century economy in ways that are clean, green, healthy, just, safe and more resilient.

In the meantime, we continue to support and to urge nations to significantly boost climate ambition in line with the Paris Agreement.

Patricia Espinosa, UNFCCC Executive Secretary

Whilst we have decided to postpone COP26, including the Pre-COP and ‘Youth for the Climate’ event, we remain fully committed to meeting the challenge of climate change.

Tackling climate change requires strong, global and ambitious action. Participation from the younger generations is imperative, and we are determined to host the ‘Youth for the Climate’ event, together with the Pre-COP and outreach events.

We will continue to work with our British partners to deliver a successful COP26.

Sergio Costa, Italian Minister for the Environment, Land and Sea Protection

The decision of the Bureau on the postponement of COP26 is unfortunately a needed measure to protect all delegates and observers.

Our determination is to make sure that the momentum for climate ambition will continue, particularly for the preparation and submissions of new NDCs this year.

Carolina Schmidt, COP25 President, Minister

Photograph of the Right Honourable Alok Sharma at the COP26 Briefing to all UN Member States at the United Nations, New York

09.03.2020

COP26 President UN Address

5 minute read

The Rt Hon Alok Sharma MP’s first speech as COP26 President Designate at the UN with the Secretary-General, Italian Permanent Representation and British Ambassador to the United States

Secretary-General, excellences, ladies and gentlemen, it is an honour to be here at the United Nations for my first international engagement as COP26 President.

I would like to thank the Secretary-General for the great leadership he has shown in tackling climate change.

I look forward to working with him and the wider UN team in the lead up to COP26.

In my first three weeks as COP26 President I have met with the Deputy Secretary-General Amina Mohammed, UNDP Administrator Achim Steiner, UNFCCC Executive Secretary Patricia Espinosa.

Other former COP Presidents, such as Laurent Fabius.

Civil society organisations.

Corporate leaders and finance executives.

Encouragingly, there has been a strong level of agreement that we must act now to tackle climate change.

Whilst in New York this has been further reinforced through my meetings with the permanent representatives of the Small Island Developing States, Least Developed Countries and others who are on the frontline of climate impacts.

Failure to act, will cause irreversible consequences.

As temperatures continue to rise, droughts and heatwaves will become more common.

The risk of crops failing will increase.

Sea levels will rise by anywhere between 1 to 3 feet by the end of this century.

Hurricanes will become stronger and more intense.

These events will put human life at risk.

Lead to population displacement.

It will devastate nature and biodiversity.

And exact a catastrophic economic cost

I do not need to tell many of you in this room what the impact to human life will be, because many of your countries are already living with the realities of climate change.

Over the past 25 years an estimated 4.5 billion people have been affected by disasters, 90% of which have been caused by weather and climate related events.

The UK first responders to Hurricane Dorian in the Bahamas last year described the scenes on the ground as apocalyptic.

Roofs ripped from buildings, homes underwater, families left devastated by the loss of their loved ones.

Sadly, this is a pattern we have seen over some time, and one which will accelerate unless we take action.

As the representative of one of the Small Island Developing States I met yesterday said to me,

“Tackling climate change is an existential issue for us, if we do not get it right, we will no longer have a place to call home.”

Whether we live in the South or the North, the East or the West, we share one life-giving but fragile planet. And all our futures are intrinsically linked.

COP26 can be a moment where the world comes together to ramp up momentum towards a climate-resilient, zero-carbon economy.

Sending out a message of ambition and hope, that decarbonisation is the future, with huge opportunities for those who are willing to act now.

And, of course, this transition must be fair and inclusive, leaving no-one behind.

We all know that the current commitments made under the Paris Agreement fall far short of what is required.

As the Secretary-General has said we must go further to limit warming to well below 2 degrees, whilst pursuing efforts to achieve 1.5 degrees.

So, we want all countries to submit more ambitious Nationally Determined Contributions, committing to further cuts in carbon emissions by 2030.

With all nations committing to reaching net zero emissions as soon as possible.

I want to re-emphasise, this shift must be fair.

The people most affected by climate change are those who have contributed the least and have the fewest resources to adapt.

Developed countries must honour their commitments. Including meeting the 100-billion-dollar goal for climate finance.

At COP26, the world must seek to agree a package which takes forward the Paris Agreement and powers the UN climate process onwards.

We will seek to progress all issues mandated for discussion and I have already heard from many of the countries I have spoken to about their priorities for the negotiations.

Ahead of the Summit, the UK with our partner Italy, will work not just with nations, but also cities, regions, companies, the Multilateral Development Banks, the Development Finance Institutions.

And, very importantly, civil society in all its various forms.

Yesterday I hosted a roundtable with a range of organisations and activists, including representatives from the Wildlife Conservation Society, the UN Foundation and Earth Rising founder Alexandria Villaseño.

By uniting around specific issues, we can spur innovation, scale up solutions and bring down costs.

And there are some areas which need particular action in 2020.

First, adaptation and resilience. Helping people, economies and the environment adapt and prepare for the impacts of climate change.

This was a personal priority for me when I was International Development Secretary.

Working with Egypt and friends from Bangladesh, the Netherlands, Malawi and St Lucia here at the UN, we launched a Call for Action in this area where 118 nations and over 80 organisations committed to raising their ambition.

I met with permanent representatives, the UN and NGOs this morning to discuss how we can translate these political commitments into on-the-ground action.

We know it will be important to consider opportunities to improve responses to climate impacts and access to adaptation finance.

Second, nature. Safeguarding ecosystems, protecting natural habitats and keeping carbon out of the atmosphere.

A million animal and plant species are now threatened with extinction, more than ever before in human history.

We cannot meet the temperature goals of the Paris Agreement or adapt the effects of climate change without restoring, protecting and enhancing nature.

We have heard from you, I have heard from you, that there are opportunities to look at environmental regulation around supply chains and channel finance to invest in nature.

The UN Oceans Conference in Lisbon, the 15th Conference on Biological Diversity hosted by China, and of course COP26, offer an opportunity to bend the curve of greenhouse gas emissions and biodiversity loss.

And we will work with China, the United Nations and others to make sure that these global summits complement and support each other.

Third, energy transition. Seizing the massive opportunities of cheaper renewables and storage.

In the last few years, we have seen how alliances like ‘Powering Past Coal’ can drive momentum.

In the UK the proportion of energy generated from coal has fallen from 40% in 2012 to 5% in 2018.

We all need to invest in the innovation which will help us accelerate the transition to clean energy.

But we also need to help empower developing countries to leapfrog the polluting options of the past and embrace the clean energy of the future.

In my previous role as International Development Secretary, I saw fantastic examples of companies already doing this.

A Uk business called Azuri Technologies is providing solar energy systems to off-grid homes across Africa.

This is a great example of existing opportunities that we need to scale up.

Fourth, is accelerating the move to zero-carbon road transport. By 2040, over half of new car sales worldwide are projected to be electric.

Yet to meet the Paris goals, this needs to happen faster.

By working together, countries and industry can bring forward the date when zero-emissions vehicles will not only be cleaner, but also cheaper, than petrol and diesel.

This will deliver benefits for the climate, and will help tackle air pollution which currently contributes to the death of an estimated 7 million people a year.

And let me be clear, this is not about the UK pointing the finger, we know we also need to do more ourselves.

That is why the UK Prime Minister Boris Johnson announced last month that we would bring forward a ban on selling new petrol, diesel or hybrid cars from 2040 to 2035.

And this week as Business Secretary I announced a multi-million pound investment to design, test and manufacture electric machines in some of the UK’s most polluting industries.

And lastly, we need to unleash the finance which will make all of this possible and power the shift to a zero carbon economy.

From solar panels, to electric vehicles and tree planting, it is often finance that turns good intentions into action.

The OECD estimates that we will need nearly 7 trillion dollars a year up to 2030 to meet the Paris Agreement, as well as the Sustainable Development Goals.

Much of this funding needs will also need to come from the private sector.

Whilst at the Department for International Development I set up the UK’s International Development Infrastructure Commission to help corral private sector money, alongside sovereign development funds, into sustainable infrastructure projects.

Following the Commission’s recommendations, the UK is now partnering with Uganda, Egypt, Kenya, Ethiopia and Ghana, to design a new facility to plan, deliver and support funding to a range of infrastructure projects.

Sustainability will be central to these projects, focusing on investments with low carbon emissions and infrastructure that will be resilient to a changing climate.

As COP26 President, I will continue our efforts to mobilise finance for developing countries.

Including asking others to make ambitious future international climate finance commitments.

As the UK has done by doubling our contribution to £11.6 billion over the period from 2021 to 2025.

The Multilateral Development Banks are the largest vehicle for channelling climate finance to developing countries.

They will have a critical role to play, along with the development finance institutions, in the build up to COP26.

But to move from billions to trillions, we will need all finance to align with the Paris Agreement.

Making the spirit of Paris felt in London, New York, Frankfurt, Tokyo, Shanghai and every other financial centre.

Last week, I joined the Governor of the Bank of England, Mark Carney, at the launch of the COP 26 Finance Action Plan.

As Governor Carney noted, private finance is now increasingly focused on the opportunities and risks in the transition to a decarbonised economy.

Every major systemic bank, the world’s largest insurers, its biggest pension funds and top asset managers are backing the Taskforce for Climate related Financial Disclosures.

And this has been highlighted to me during the meetings I have had with leading financial organisations.

Achieving net zero will require a whole economy transition.

We have the opportunity to turn climate change into a growth opportunity for the global economy.

In the UK, we have grown our economy by 75% since 1990 whilst cutting emissions by 43% showing, green growth is absolutely possible.

While the list of initiatives I have outlined is not exhaustive, it gives an idea of the scale of the challenge before us. A challenge where we can only succeed together.

As COP26 President I see my role as the custodian of a process. The UK and Italy will be co-hosting the summit, but success at this event will belong to the whole world.

Alongside my Italian counterpart, we will work with you all to develop more ambitious plans on mitigation, adaptation and finance.

Creating a drumbeat of action in the calendar of international events leading up to COP26.

Last week, I had the opportunity to speak with one of my childhood heroes: the broadcaster and naturalist Sir David Attenborough.

His message was simple. We must act now.

Ladies and gentleman, each of us can help write our planet’s future.

I have faith that working together with all of you in a collaborative manner, we will make the right choices.

We owe that to ourselves. And to future generations.

Thank you.

Photograph of the Right Honourable Alok Sharma at the launch of the COP26 Private Finance Agenda at Guildhall, London, on Thursday 27 February

28.02.2020

COP26 President Alok Sharma at launch of COP26 Private Finance Agenda

5 minute read

COP26 President Alok Sharma spoke at the launch of the COP26 Private Finance Agenda at Guildhall, London, on Thursday 27 February

Ladies and gentlemen, Sir David, Governor Carney, Tanya.

Let me start by thanking the Lord Mayor for hosting us today.

It is staggering to think that over 600 years have passed since the Guildhall’s master mason, John Croxton, started work on this incredible building.

Today, this is the only secular stone building in the City dating back from before 1666. In part, thanks to the choices Croxton made all those years ago. When the Great Fire of London ravaged the City, the Guildhall’s oak frame is said to have saved it from collapse.

And when it was bombed in World War II, the roof fell in, but his stone walls stood firm.

With COP26 this year, we want to do what John Croxton did all those centuries ago. Leave a legacy which stands the test of time, and makes life better for future generations. Building on the foundations of past conferences, especially Paris, to create a zero-carbon economy which will benefit our children and grandchildren.

COP26 will be the biggest summit the UK has ever organised. In this year, the Year of Climate Action, it will be the top international priority for this Government. And we are getting ready for it.

In my first fortnight as COP President, I have been listening to those who have done this before. Meeting people like Paris COP President Laurent Fabius, UN Deputy Secretary-General Amina Mohammed and Patricia Espinosa from the UNFCCC.

And, we are working closely with our partners in Italy. Our vision for COP26 is clear. In Glasgow, the world must ramp up momentum towards a zero-carbon economy.

Sending out a message of hope, that decarbonisation is the future. With huge opportunities for those who are prepared to act now.

And, of course, this transition must be fair and inclusive, leaving no-one behind.To achieve this, all countries must commit to significant further cuts to carbon emissions by 2030, and to reach net zero as soon as possible.

Agreeing a package that delivers the Paris Agreement and powers the UN climate process forward. And we will do that, working with all parts of the global economy and society.

But there are some areas which need particular attention in 2020. First, adaptation and resilience, helping people, economies and the environment adapt and prepare for the impacts of climate change.

This was a personal priority for me when I was Secretary of State for International Development.

Working with Egypt, and others at the UN General Assembly, we launched a Call for Action on adaptation and resilience where 118 nations and over 80 organisations committed to raising their ambition.

The next step is to translate these political commitments into on the ground action.

Second, nature, safeguarding ecosystems, protecting natural habitats and keeping carbon out of the atmosphere. Promoting nature-based solutions.

Third, energy transition, seizing the massive opportunities of cheaper renewables and storage.Cleaning our air, and helping economies shift away from a legacy of polluting fossil generation.

Fourth, clean road transport, accelerating the move to zero-carbon road transport.

And fifth, to make this all possible, unleashing the finance which will power the shift to a zero-carbon economy. From solar panels, to electric vehicles and tree planting, it is often finance that turns good intentions into action.

All of you here are in a unique position to drive the transition to a zero-carbon economy. Helping developing countries leapfrog the polluting options of the past, to the clean, green, resilient technologies of the future.

Last month, I helped launch East Africa’s first ‘green bond’ on the Nairobi securities exchange.

Followed by its dual listing on the London Stock Exchange. The first Green Simba bond.

A bond which UK Government funding helped to develop. Raising funds to build environmentally-friendly housing for 5,000 students in Nairobi.

The OECD estimates that we will need nearly 7 trillion dollars a year up to 2030 to meet the Paris Agreement, as well the development goals.

Much of this funding needs to come from the private sector.

Whilst I was at the Department for International Development I set up the UK’s International Development Infrastructure Commission to help corral private sector money, alongside sovereign development funds, into sustainable infrastructure projects in developing countries.

Following the Commission’s recommendations, the UK is now partnering with five countries in Africa to design a new facility to plan, deliver and support funding to a range of infrastructure projects that are attractive to businesses and investors like you.

Sustainability will be central to these new infrastructure projects, focusing on investments with low carbon emissions and infrastructure that will be resilient to changing climates.

The UK and other developed countries have committed to mobilising 100 billion dollars a year by 2020, building on the 71 billion we reached in 2017.

We are firmly committed to this goal. And to meet it in a way that responds to the needs of developing countries.

And last year at the UN General Assembly, Prime Minister Boris Johnson underlined his personal commitment to tackling climate change by announcing a doubling of the UK’s international climate finance commitment to 11.6 billion pounds over the period 2021-25.

This, in turn, will mobilise further finance from public and private sources. Helping us meet and indeed move beyond the 100-billion-dollar goal, as we begin discussions on the goal that will replace it from 2025.

Today, Multilateral Development Banks are the largest vehicle for channelling climate finance to developing countries.

And donor support will remain critical as we shift to low carbon investment and protect the world’s most vulnerable.

Last October, I made the UK’s backing for the World Bank fund dependent on putting more money into developing resilience to a changing climate.

And we will continue to work with Multilateral Development Banks and Development Finance Institutions to help them deliver Paris Alignment Plans.

But to move from billions to trillions, we will need all finance to look at aligning with the Paris Agreement.

Making the spirit of Paris felt in London, New York, Frankfurt, Tokyo, Shanghai and every other financial centre around the world.

Encouragingly today, as the financial risks and opportunities of the low carbon transition become clear, we are seeing a major shift in private finance.

This shift is based on a simple fact.

The only economy which can avoid the worst effects of climate change, and thus continue to deliver growth, is a decarbonised economy.

I know Governor Carney will be speaking about this in just a moment.

Of course we are seeing firms moving beyond Corporate Social Responsibility and funding green projects, to integrate climate and environmental factors into decision-making across all sectors and asset classes. Focusing on impact and not just return.

We are starting to see real momentum. Campaigns like ‘Make My Money Matter’ are giving a voice to those who want to see their pensions invested in line with their values.

Last year, a survey by the Department for International Development found that the vast majority of UK savers wanted their investments to be made in a manner which considers the impact on people and planet, alongside financial performance.

As part of COP26, we will be supporting private sector coalitions to do even more, sooner, helping them look at the climate impacts of asset portfolios and loan books.

Ladies and gentlemen, I started by mentioning the origins of the Guildhall.

Centuries ago, a historian described how it grew from a “little cottage” into a “large and great house”.

And, in many ways, that is what we need for COP26.

From governments, businesses, civil society, young people and so many others, we are opening up our doors and inviting absolutely everyone in.

Each of us will write the future.

Our choices will make or break the zero-carbon economy.

Together, I know we can make the right decisions.

Thank you.

Photograph of the Right Honourable Alok Sharma

18.02.2020

Alok Sharma appointed COP26 President

5 minute read

Alok Sharma was appointed as COP26 President on Thursday 13 February 2020.

The Prime Minister has appointed Alok Sharma as the COP26 President, alongside his new position as Secretary of State for Business, Energy and Industrial Strategy (BEIS).

As former Secretary of State at the Department for International Development, Mr Sharma’s experience in international diplomacy will be key in driving ambitious climate action from countries attending the conference in Glasgow this November.

Yesterday, Mr Sharma began his first full week in the new role with a meeting with UN Deputy Secretary General Amina Mohammed, where they committed to working closely together towards a successful, globally ambitious summit later this year in Glasgow.

It is a great honour to take on the role of COP26 President. I have started working with my new team ahead of the summit in Glasgow this November, where we aim to speed up the global journey to net zero carbon.

COP26 President Alok Sharma

We will be building on efforts to urge all countries to bring forward ambitious plans to curb their emissions ahead of the event itself.

COP26 President Alok Sharma

It is vital everyone comes together to deliver the change needed to tackle climate change and protect our planet.

COP26 President Alok Sharma

COP26 will be the largest summit the UK has ever hosted, with over 30,000 delegates, including world leaders, experts, campaigners and government officials.

A portrait photograph of Nigel Topping wearing a white shirt and navy blue jacket

23.01.2020

Nigel Topping appointed UK High Level Climate Action Champion

5 minute read

Nigel Topping has today been appointed by the UK Government as the High Level Climate Action Champion for UN climate talks, COP26.

Nigel Topping has today been appointed by the UK Government as its High Level Climate Action Champion ahead of UN climate talks, COP26.

Mr Topping will help drive action from businesses, investors, organisations, cities, and regions on climate change and coordinate this work with governments and parties to the United Nations Framework Convention on Climate Change (UNFCCC).

The Champion role was created in 2015 at the climate talks in Paris to help realise ambitions to lower carbon emissions and build resilience to climate change.

It is held for two years and Mr Topping will work alongside the Chilean COP High Level Climate Action Champion, Gonzalo Muñoz.

Mr Topping was most recently CEO of We Mean Business, a coalition of businesses working to accelerate the transition to a zero carbon economy. Prior to that he was Executive Director of the Carbon Disclosure Project.

He brings valuable expertise from 18 years in the private sector, having worked across the world in emerging markets and manufacturing.

I am thrilled to be taking on the role of High Level Champion to support a successful COP26.

I will work tirelessly with the non-state actor community to help bring the very best of their work to Glasgow.

2020 is the year for us all to become climate champions and the start of a decade in which we reduce emissions by at least 50 per cent. This will require each one of us pushing our actions to the limit, then taking another step.

Nigel Topping, COP26 High Level Action Champion

I am so pleased that Nigel Topping has agreed to play this vitally important Champion role in the year where we have to motivate everyone, from governments and businesses to regions, cities and citizens to commit to urgent climate action.

Nigel’s incredible experience in building coalitions and driving the focus on targets and actions means he is the best person we could possibly have in this job and I’m so looking forward to working together this year.

Claire O’Neill, COP26 President-Designate

I am very pleased to welcome Nigel Topping as the new High-Level Champion. We have seen incredible momentum from non-state actors as we work towards achieving the goals of the Paris Agreement and continue to boost climate ambition in all sectors of society.

I’m confident Mr Topping brings the skills and experience needed to keep the momentum going and achieve the deep transformation to reach a zero-carbon future.

Patricia Espinosa, UNFCCC Executive Secretary

A photograph of British Prime Minister Boris Johnson and the Governor of the Bank of England, Mark Carney

16.01.2020

Mark Carney to drive finance action for UK climate talks

5 minute read

Mark Carney to have key role in UN climate change conference.

The Prime Minister has appointed the outgoing Bank of England Governor Mark Carney as a key adviser for the UN climate change conference, COP26.

Boris Johnson met today with Mr Carney in Downing Street where he confirmed his new role as the Prime Minister’s Finance Adviser for COP26.

Mr Carney will help the UK Government to mobilise ambitious action from across the financial system ahead of the UK summit in November.

As outgoing Governor of the Bank of England, Mr Carney has unparalleled experience. During his tenure the Bank of England was the first central bank to work on the implications of climate change on the financial system.

The potential for finance to affect the speed and scale of how the world reduces its emissions is huge.

Banks, pension funds and insurers have a huge role to play in directing investment to tackle climate change. But this requires significant changes in behaviour and considerable new investment – Mr Carney will advise on how we can achieve both.

This new role will complement Mr Carney’s work in his capacity as UN Special Envoy for Climate Action and Finance, which was announced in December. He will assume both roles when he steps down as Governor of the Bank of England early this year.

More than 30,000 people are expected to attend COP26, including heads of state and government, experts and campaigners.

Delegates will be discussing ambitious ways in which the world can lower emissions to keep global temperatures below 1.5 degrees of warming.

Mark Carney is an invaluable addition to the COP26 team. His expertise will help the UK to lead in mobilising businesses and investors to support our net zero revolution.

Hosting COP26 in Glasgow will be a golden opportunity for the UK and the global community as we push for as many countries as possible to follow our lead and commit to ending their contribution to climate change by 2050.

Prime Minister, Boris Johnson

I am honoured to have been appointed by the Prime Minister as the Finance Adviser for COP26 in Glasgow.

The combination of these critical meetings and the UK’s global leadership in financial services provides a unique opportunity to address climate change by transforming the financial system. To seize it, all financial decisions need to take into account the risks from climate change and the opportunities from the transition to a net zero economy.

The UK has a plan to do just that, and I look forward to working with the private sector, HM government, the Bank of England and all stakeholders to help make this promise of sustainable finance a reality.

Mark Carney, Governor of the Bank of England and the Prime Minister’s Finance Adviser for COP26

I am thrilled that Mark Carney has accepted the position as our Prime Minister’s Finance Adviser for COP26.

Everyone has to be in if we are to successfully tackle climate change and the Governor’s expertise will be a huge boost in helping us to harness the power of global financial markets, companies and investors to hit net zero emissions.

I’m looking forward to working with Mr Carney as November approaches and I hope together we can influence real change in the finance sector.

Claire O’Neill, COP26 President-Designate