fighting climate change around the world? , , ., , world? mobilising private finance is critical. if world? mobilising private finance is critical- if we world? mobilising private finance is critical. if we look, world? mobilising private finance is critical. if we look, the world? mobilising private finance is| critical. if we look, the commitment to mobilise finance from developed countries is 100 billion annually but to address climate change we need trillions of dollars in investment and that investment, that private sector controls, so the announcement this morning by the uk government about various initiatives to help shift, the mentioned 130 trillion us dollars in private investment, this is welcome, a welcome initiative and i hope other industrialised countries will follow. , ., ~ industrialised countries will follow. ~ , follow. do you think those big companies follow. do you think those big companies are follow. do you think those big companies are serious - follow.
power of finance, of course, is that it is the nervous system of the economy and so if we are able to pivot the nervous system of the economy and finance which the chancellor has laid out as an objective, i think likely slow, and that an accelerator of the other processes that need to happen. band processes that need to happen. and in terms of processes that need to happen. and in terms of your own company s mission statement and targets on the net zero, where do you stand? weill. net zero, where do you stand? well, ou net zero, where do you stand? well, you know, net zero, where do you stand? well, you know, we net zero, where do you stand? well, you know, we are net zero, where do you stand? well, you know, we are not net zero, where do you stand? well, you know, we are not a net zero, where do you stand? well, you know, we are not a company, i net zero, where do you stand? -tt you know, we are not a company, we are a multilateral development institution owned by governme
and he outlined his plan to force british businesses to explain how they intend to deliver on climate targets. the chancellor said the finance to fight climate change had to come from a mix of public and private money. public investment alone isn t enough. our second action is to mobilise private finance. let me pay an enormous tribute to mark carney for his leadership leadership that is delivering results. the glasgow financial alliance for net zero has now brought together financial organisations with assets worth over $130 trillion of capital to be deployed. this is a historic wall of capital for the net zero transition around the world. what matters now is action to invest that capital