Patricia-Espinosa

“Stepping up action has never been more urgent. The Intergovernmental Panel on Climate Change (IPCC) special report on the impacts of global warming at 1.5 °C, requested at COP 21, made this crystal clear. We are running out of time to stay under this limit. On the basis of current trends, the World Meteorological Organization expects a global average temperature increase of 3–5 °C by 2100.”  Patricia Espinosa, UNFCCC Executive Secretary (UN Climate Change Annual Report 2018)

GEFI – The Path to COP26


As a global leader in advocacy and mobilising the financial services sector that was founded in Scotland, having COP26 being hosted in Glasgow in 2020 presents an unprecedented opportunity for GEFI and our stakeholders to come together to address the global climate emergency.

To help build momentum towards the climate summit all existing and planned GEFI activities in 2020 will be aligned to COP26 as part of an integrated year-long campaign entitled the “The Path to COP26”. This will include events planned in London, USA, GCC and Asia alongside our premier global ethical finance summit (Ethical Finance 2020) that convenes annually in Edinburgh. A number of side events will also be held during the COP26 period in Glasgow focused on climate finance.

Pathway of Activities


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Confirmed Partners


RBS
Scottish Government
Baillie-Gifford
Chartered-Banker
Ethical-Finance-Hub
UNEP-FI
UNDP
Shepherd-and-Wedderburn

Get Involved


Our “Path to COP26” campaign offers a unique opportunity to demonstrate your commitment to the climate agenda and highlight how your organisation is delivering impact.

If you would like to be a part of our exciting journey in 2020 then please email us at events@globalethicalfinance.org.

COP26


The 26th session of the Conference of the Parties (COP26), organised by the United Nations Framework Convention on Climate Change (UNFCCC) will take place in Glasgow, Scotland between 9-19 November 2020.

In 2020 the eyes of the world will be focused on Scotland when senior politicians from across the globe convene in Glasgow to negotiate the acceleration of efforts to tackle climate change. COP26 will be the most important climate summit since the landmark Paris Agreement was ratified at COP21 in 2015.

To limit global warming to 1.5 °C, as agreed in Paris, CO2 emissions must fall by about 45 per cent by 2030 from a 2010 baseline.

In Glasgow global leaders will be challenged to demonstrate tangible progress on their ambitious climate pledges that will help to transform our economies and societies.

Climate Finance


Although widely recognised as having a fundamental role to play in delivering the Paris Agreement the financial sector has often been a cause, rather than a solution, to some of the pressing challenges faced by our planet and its people.

The sector sits at the heart of today’s global markets and therefore has a critical role to play in supporting the decarbonisation of the global economy. It must also adapt to changing global consumption and productions patterns that consider environmental impact.

According to UNEP FI (see article) financial opportunities associated with overhauling economies towards climate-compatibility include:

    • New risks need to be understood, identified, assessed, managed, and eventually disclosed on, by institutions across financial industries.
    • The transition to low-carbon and climate-resilient economies require additional investment at an order of magnitude of at least USD 60 trillion, from now until 2050.

USD35trillion

To decarbonize, through renewable energy and energy efficiency, the world’s energy system.

USD15trillion

To adapt manmade infrastructure to changing meteorological conditions.

USD2trillion

To reorganise global land-use is ways that meet growing demands for agricultural commodities while stopping tropical deforestation.

For financial institutions to become determined enablers and catalysts of the climate economic transition they need to understand the commercial risks and opportunities implied, and know how to act on them.

Climate change is a large, systemic financial risk that will change asset values as investment moves away from high carbon assets towards a low carbon economy

Along with Edinburgh, London and Glasgow, we are currently assessing select international jurisdictions who have submitted requests to GEFI to partner and host events in 2020.

Other Activities

Full Digital Presence

Lead and contribute to the online conversation

Live stream of the conference

High Profile Media Campaigns

Greening Your Wallet

Financing the SDGs

High Level Stakeholder Engagment

About GEFI


The Global Ethical Finance Initiative (GEFI) oversees, organises and coordinates a series of programmes to promote finance for positive change.

Along with delivering practical projects, GEFI annually hosts in Edinburgh the premier platform that convenes the world’s foremost business, political, civic and social leaders of society to network, share, co-develop and shape a fairer, more sustainable financial system.

Please visit www.globalethicalfinance.org for further information.