GFANZ is in freefall - so what happens next?

clock • 4 min read

The collapse of the idea that a voluntary alliance of financial sector firms could drive sufficient climate and nature ambition is an opportunity to focus on the real issues, writes Finance Innovation Lab's Jon Dennis.

2025 has begun with the rapid unravelling of the Glasgow Financial Alliance for Net Zero – GFANZ – which was established amid much optimism in 2021 to help drive financial sector alignment with climate...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

OVO unveils new venture to invest in upgrading UK's ageing onshore wind farms

OVO unveils new venture to invest in upgrading UK's ageing onshore wind farms

OVO Renewables aims to invest hundreds of millions of pounds in repowering onshore wind turbines approaching the end of their operating lifespan

Michael Holder
clock 17 July 2025 • 4 min read
 Innovatium secures £3m investment in liquid air battery technology

Innovatium secures £3m investment in liquid air battery technology

Fresh funding from Hitachi Industrial Equipment Systems and Scottish National Investment Bank aims to accelerate roll out of liquid air energy storage technology

clock 16 July 2025 • 3 min read
Chancellor vows to boost sustainable investment, but drops plans for green taxonomy

Chancellor vows to boost sustainable investment, but drops plans for green taxonomy

Government concludes 'a UK Taxonomy would not be the most effective tool to deliver the green transition'

James Murray
clock 15 July 2025 • 5 min read