London,
01
July
2020
|
09:08
Europe/Amsterdam

City Corporation & Green Finance Institute announce November summit to boost green recovery from COVID-19

To mark London Climate Action Week, the City of London Corporation in collaboration with the Green Finance Institute, and supported by the World Economic Forum, is today (1 July) announcing a major summit in November that will focus on the role of green finance in the recovery from COVID-19. 

Green Horizon Summit - The Pivotal Role of Finance will take place at Mansion House as a virtual event between 9 and 11 November, the original dates for the postponed United Nations Climate Change Conference (COP26) which will now take place in Glasgow in November 2021. 

With a keynote address from Mark Carney, the event will showcase how green finance is fundamental to the post-COVID recovery, as well as a successful climate change conference next year. It will also explore how capital can be mobilised at the pace and scale needed to meet not only the UK's path to net-zero emissions by 2050 but also international climate commitments. 

Lord Mayor of the City of London William Russell said:  

“COP26 may have been postponed, but the momentum towards a green future has anything but slowed.

“I hope this hugely important event in November will see the global financial community come together to collectively play its part in the fight against climate change.”

City Corporation Policy Chair Catherine McGuinness said: 

“The UK is leading the fight against the global climate emergency having been the first major economy to commit to reach net zero carbon emissions by 2050. 

“The Green Horizon Summit will go some way to helping us achieve this, exploring how we can mobilise capital at pace and scale to fuel a green recovery from COVID-19, and the domestic and global transition to a net-zero future.” 

Chief Executive of the Green Finance Institute Dr Rhian-Mari Thomas said:

“The Green Horizon Summit provides an important opportunity to showcase green finance innovation and progress.“We will convene both public and private sector actors to discuss how we maintain a high-level of ambition and action across the financial community in the year leading to COP26 in Glasgow.”

Founder and Executive Chairman of the World Economic Forum Prof Klaus Schwab said:

“The Green Horizon Summit will be a key milestone en route to Glasgow COP26.

“It will bring together leaders of finance, business, government and civil society from around the world for a progress check on green finance for the Great Reset; and to showcase innovative finance solutions to accelerate industry’s net-zero transition and for nature-based solutions.” 

--ENDS--

Notes to editors 

About the City of London Corporation 

The City of London Corporation is the governing body of the Square Mile dedicated to a vibrant and thriving City, supporting a diverse and sustainable London within a globally-successful UK.www.cityoflondon.gov.uk 

About the Green Finance Institute 

The Green Finance Institute is an independent, commercially focused organisation, supported by HM Government and the City of London Corporation. As the UK’s principal forum for public and private sector collaboration in green finance, it is uniquely placed to mobilise capital to accelerate the domestic and international transition to a sustainable, net-zero carbon economy that is also climate resilient. The Green Finance Institute convenes and leads sector-specific coalitions to identify and unlock barriers to deploy capital at pace and scale towards impactful, real-economy outcomes. For more information visit greenfinanceinstitute.co.uk and follow @gfi_green.

About the World Economic Forum

The World Economic Forum is the International Organization for Public-Private Cooperation, engaging the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. It is independent, impartial and not tied to any special interests. The Forum’s Platform for Global Public Goods brings together over 140 leading companies and 50 governments, institutions and civil society organisations to advance and scale collaboration on climate action and nature-based solutions, including activities such as the Mission Possible Platform in collaboration with the Energy Transition Commission; The Tropical Forest Alliance and the Nature Action Agenda. For more information visit www.weforum.org or follow @wef

For more information contact:
Nathan Rodgers

Financial Services Media Officer
City of London Corporation

Nathan.rodgers@cityoflondon.gov.uk
44 0207 332 3451

4407864 625086