Statement on the Publication of the Climate Finance Leadership Initiative Report
NEW YORK, September 18, 2019 – Today the Climate Finance Leadership Initiative (CFLI) released a new report, Financing the Low Carbon Future, aimed at mobilizing private climate finance at the scale and speed needed to support the transition to a low-carbon economy. The report draws on the direct perspective of CFLI members, including Goldman Sachs, and identifies concrete opportunities for leadership by the public and private sectors to meet the objectives of the Paris Agreement.
Goldman Sachs Chairman and CEO David Solomon gave the following statement on the release of the report:
“At Goldman Sachs, we have had a long-standing commitment to addressing climate change, having mobilized over $100bn towards renewable energy and clean technology solutions around the world. But the urgency and scale of the challenge is clear, and we need more ambitious action. We are launching a dedicated effort that will accelerate sustainable finance across climate transition and inclusive growth, and are partnering with CFLI members to scale innovative climate solutions.”
David Solomon will be participating in a panel to discuss the report’s findings on Wednesday, September 25 at the Bloomberg Global Business Forum.
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.
Tel: +1 212 902 5400
Heather Kennedy Miner
Tel: +1 212 902 0300