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Americas

GFANZ to Direct Private Finance to Support NDCs – Carney

Ex-BoE chief calls for “radical new approach” to mobilising investment in emerging and developed markets; also warns of stranded assets.

The Glasgow Financial Alliance for Net Zero (GFANZ) is “ready to work” with other stakeholders on a “more granular breakdown” of finance’s role in fossil fuel expansion, replacement and reduction, UN Special Envoy on Climate Action Finance, Mark Carney, said yesterday. The alliance, of which Carney is Co-Chair, will also…

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