As this audience knows, the UK and Italy share the responsibility of promoting international climate cooperation through the upcoming COP26. * * * The awareness is growing worldwide that, if the goal of keeping the warming of the planet within safe boundaries is to be achieved, urgent action is needed to accelerate the transition towards net-zero global emissions. Every actor must play their part.
Markets have proved themselves ready to embrace green finance, given the right incentives. Change cannot just be legislated into existence, but public policy has a key role, including providing a stable climate-friendly regulatory framework.