Voluntary net-zero pledges are not sufficient. We need mandatory standards

Our new landmark report ’The problem lies in the net – How finance can contribute to making the world reach its greenhouse gas net-zero target’, provides policymakers the way to make finance’s net-zero commitments meaningful in the real economy, using financial regulation.

Finance Watch Voluntary net-zero pledges are not sufficient. We need mandatory standards

Image: “Creative accounting threatens the credibility of net zero pledges”. More cartoons by Finance Watch

Should policymakers follow our recommendations, (read here), the concept of “net-zero” could drive significant progress in the race against climate change and harness the stewardship powers of the financial sector to decarbonise the real world (and not just financial portfolios).

You can also read our blog, which delves into what net-zero means, and goes into detail about the mechanisms available to policymakers to make all stakeholders meet their climate target commitments.

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