Net-zero commitments from businesses, investors, cities and regions now cover more than half the world’s GDP. The COVID recovery will require a new growth and innovation agenda for societies to rebuild in line with climate commitments.
In light of the postponed COP26 this year, the World Economic Forum is partnering with the High-Level Champions for COP26 (hosted by the United Kingdom and Chile) and the United Nations (UNFCCC) to organize a series of “drumbeat moments to COP26” through climate action events to continue to build momentum and spur greater action in the run-up to COP26 in Glasgow in November 2021.
In November the Forum will support the Race to Zero Dialogues with the UN, led by the High-Level Climate Champions for Climate Action – Nigel Topping and Gonzalo Muñoz, Race To Zero mobilizes actors outside of national governments to join the Climate Ambition Alliance, which was launched at the UNSG’s Climate Action Summit 2019 by the President of Chile, Sebastián Piñera.
In addition, the Forum is supporting the Green Horizons Summit: The Pivotal Role of Finance, championed by Mark Carney, led by the City of London Corporation, in collaboration with the Green Finance Institute on 9-11 November.
Together, the November events will be one key milestone connecting the Great Reset theme across the Sustainable Development Impact Summit and into the Davos Dialogues in December and the Annual Meeting in Lucerne-Bürgenstock, Switzerland, from 18-21 May, working with partners to position climate, food and oceans at the heart of the Great Reset agenda.
Race To Zero is a global campaign to rally leadership and support from businesses, cities, regions, investors for a healthy, resilient, zero-carbon recovery that prevents future threats, creates decent jobs, and unlocks inclusive, sustainable growth.
It mobilizes a coalition of leading net zero initiatives, representing 452 cities, 22 regions, 1,101 businesses, 45 of the biggest investors, and 549 universities. These ‘real economy’ actors join 120 countries in the largest ever alliance committed to achieving net-zero carbon emissions by 2050 at the latest. Collectively these actors now cover nearly 25% global CO2 emissions and over 50% GDP.