The COP26 Presidency, Mark Carney’s COP26 Private Finance Hub and the High Level Climate Action Champions are calling for private financial institutions to announce new ambitious actions at COP26. These include credibly committing to net zero by joining Race to Zero and GFANZ and setting science based targets for 2025/2030, committing to phase out coal finance, announcing new net-zero- and adaptation-aligned financing to developing countries and emerging markets, and committing to nature-positive finance action.

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