A Financial System for Net Zero | COP26 Presidency Event | UN Climate Change

Mark Carney, UN Special Envoy and the Prime Minister’s Finance Advisor for COP26, will lead this event showcasing the transformational steps taken by the global financial sector to deliver the tools, markets and financial commitments needed to align global financial flows with the Paris goals. Contributions from international organisations and the public and private sectors are now able to ensure that every financial decision takes climate change into account.

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The UNFCCC secretariat (UN Climate Change) is the United Nations entity tasked with supporting the global response to the threat of climate change. UNFCCC stands for United Nations Framework Convention on Climate Change. The Convention has near universal membership (197 Parties) and is the parent treaty of the 2015 Paris Agreement. The main aim of the Paris Agreement is to keep the global average temperature rise this century as close as possible to 1.5 degrees Celsius above pre-industrial levels. The UNFCCC is also the parent treaty of the 1997 Kyoto Protocol. The ultimate objective of all three agreements under the UNFCCC is to stabilize greenhouse gas concentrations in the atmosphere at a level that will prevent dangerous human interference with the climate system, in a time frame which allows ecosystems to adapt naturally and enables sustainable development.

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