Mainstreaming the Transition to a Net-Zero Economy
Author(s): G30 Working Group on Climate Change and Finance
This report develops a robust and inclusive strategy to amplify and mainstream the global transition to a net-zero emissions economy. It calls upon governments, businesses, and financial institutions to each take steps toward achieving the net-zero imperative. The report makes clear that the actions taken today and in the very-near term will be essential to ensuring our collective environmental, social, and economic sustainability.
The report urges governments to establish comprehensive and transparent policy frameworks for reaching net-zero emissions by 2050, which must be built upon robust policy credibility. These frameworks will serve as transition guides for businesses who, for their part, must implement corporate reforms to align themselves with the net-zero imperative. Additionally, the report highlights the need for expanded disclosure of decision-useful, environment-related information by firms. The report further presses financial actors to more fully assess the risks inherent to climate change and the net-zero transition and seek the benefits that can be had by channeling capital toward green innovation. It is incumbent upon all economic actors today to act boldly and quickly to implement the measures necessary to ensure a prosperous and temperate future for humanity and the planet.
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