Investor bodies have voiced support for the decision to postpone COP26 in light of COVID-19, but have warned that climate change must be at the forefront of shaping the economic recovery from the current crisis.
Yesterday, the UN Framework Convention on Climate Change (UNFCCC) confirmed that COP26 had been postponed owing to the global ‘lockdown’ in response to coronavirus.
It was expected that this year’s international climate summit, due to be held in Scotland in November, would involve the finance sector more than in previous years. Mark Carney, outgoing Governor of the Bank of England and UN Climate Envoy, was already engaging with institutional investors, holding an event on the so-called “private finance strategy” with high-level figures in February.
Just last week, he spoke about the private finance initiative’s goals for COP26, including refining TCFD disclosures.
A new date for COP26 is yet to be announced, but it is expected to be…