Mark Carney: Net zero transition represents 'greatest commercial opportunity of our time'

The three-day summit, called the "Green Horizon summit", opens on the day when the international conference on the climate COP26 was initially scheduled to begin in Glasgow. COP26 has now been postponed to 2021 due to the COVID-19 pandemic.

The Green Horizon Summit is seen as a key milestone en route to Glasgow COP26. It brings together leaders of finance, business, government and civil society from around the world for a progress check on green finance for the Great Reset; and to showcase innovative finance solutions to accelerate industry’s net-zero transition and for nature-based solutions.

According to Mark Carney 126 countries, including half the G20, have now committed to net zero by 2050 at the latest. And there is a clear opportunity to invest in a green, resilient recovery as countries seek to recover from the pandemic.

Could COVID-19 be a catalyst for achieving the objective agreed in the Paris Agreement to limit global temperature increases to below 2°C from pre-industrial levels?