One topic of urgent and primary focus at COP has been around how and who will finance the changes of climate change. The general mood around GFANZ (Glasgow Financial Alliance for Net-Zero), a group of the world’s largest financial institutions which pledged at COP26 in Glasgow to finance their own and their assets’ net zero transition, is not optimistic based upon current progress, despite the grand plans. 

It’s an exciting time for climate legislation! The Inflation Reduction Act (IRA) was signed into law on August 16, 2022, marking a significant step as the largest climate investment in U.S. history. The IRA unlocks $369 billion of federal funding for energy and climate provisions and sets the U.S. on the path to reduce greenhouse gas emissions by 40% below 2005 levels by 2030.