The City of London Corporation, in association with the COP Egyptian Presidency 2022, has today (9 November) announced that it will host the Net Zero Delivery Summit at the Mansion House in London next year and livestreamed to a global online audience.

This Summit is set to take place in May 2023 to mark the halfway point between COP27 in Egypt and COP28 in the United Arab Emirates. It will focus on how tackling climate change and its effects on societies can be delivered in a fair and inclusive way, particularly in developing countries.

The event will build on the inaugural summit hosted by the City Corporation earlier this year as part of the UK’s COP presidency, which featured speakers including John Kerry and Mark Carney. It will bring together leaders of finance, business, government, and other institutions from around the world.

The Summit was first announced this afternoon by the City Corporation’s Policy Chairman at an event hosted in the Egyptian Pavilion at COP27.

Policy Chairman of the City of London Corporation, Chris Hayward said:

“There is no pathway to sustainable economic growth around the world unless we deliver on the terms of the Glasgow Climate Pact.

“A crucial pre-condition of the Pact’s success is the pursuit of an economic transition that is fair, just and inclusive.

“That is why the Egyptian COP Presidency, and the City of London Corporation are partnering to host the Net Zero Delivery Summit in London, in 2023.

“This event will focus squarely on delivering a just transition to net zero. The financial and professional services sector has a critical role to play in mobilising capital into emerging markets to support mitigation, adaptation and resilience.

“This Summit will showcase the very best examples of what is working, on the ground, from around the world, to deliver net zero in a just and inclusive fashion.

“This will inform and inspire business leaders and policymakers as we collectively take the necessary steps towards addressing the climate crisis.” 

Ambassador Mohamed Nasr, Director of the Climate, Environment and Sustainable Development Department at the Egyptian Ministry of Foreign Affairs said:

“The COP27 Presidency is pleased that the second Net Zero Delivery Summit will put the importance of a just transition at its heart. It is imperative to ensure a managed and just transition to an economic model based on low-emission and climate-resilient development, based on the agreed principles in the UNFCCC and the Paris Agreement.

“Responses to climate change should be integrated with sustainable social and economic development, recognising the specific needs of developing countries, that are particularly vulnerable to the adverse effects of climate change.

“A number of governments, business, trade unions and civil society actors have led the way in shaping just transition solutions. We need to build on these solutions and innovate new ones, and we are looking forward to the second Net Zero Delivery Summit contributing to that cause.”

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