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We're nearing the third anniversary of an important @RockefellerFdn meeting on "The Future of Climate Finance" which I was lucky enough to convene at #RFBellagio. Well before #GFANZ was a thing, for better or worse, it's where the concept of "net zero-aligned finance" was born.🙄 Image
Think back to June 2019, fully 6 months before Covid! The @IPCC_CH report on 1.5C had popularized science-based pathways to achieve net zero emissions by 2050. @UN Secretary-General @antonioguterres was planning a big conference on enhanced ambition... thehill.com/opinion/energy… Image
...But the idea of net zero-aligned finance was not yet a thing! Indeed, the hard work of translating science into actual net zero pathways in the real economy, across sectors like steel, cement, transport... even power generation... hadn't really happened yet! @sciencetargets 👀
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