The Network for Greening the Financial System published its Declaration on the Economic Cost of Climate Inaction on the occasion of COP30 in Belém, Brazil, highlighting the mounting macroeconomic and financial risks from delayed climate action and reaffirming its commitment to support a well-managed transition to a low-carbon economy.
Network for Greening the Financial System 2025-11-05
Network for Greening the Financial System issues declaration warning of rising macro-financial costs of climate inaction at COP30
The Network for Greening the Financial System released its Declaration on the Economic Cost of Climate Inaction at COP30 in Belém, Brazil. The declaration emphasizes increasing macroeconomic and financial risks from delayed climate action and reaffirms support for a transition to a low-carbon economy.