Mansion House will host the Net Zero Delivery Summit in May, when business and government leaders will assemble to discuss climate change solutions.
The summit will mark the halfway point between the end of COP27 in Egypt (currently ongoing) and COP28, to be hosted in the United Arab Emirates.
The event will follow the inaugural summit hosted by the City Corporation earlier this year as part of the UK’s COP presidency, which featured speakers including U.S. Special Presidential Envoy for Climate John Kerry and former Governor of the Bank of England Mark Carney.
Policy Chairman of the City of London Corporation, Chris Hayward said: “There is no pathway to sustainable economic growth around the world unless we deliver on the terms of the Glasgow Climate Pact.
“A crucial pre-condition of the Pact’s success is the pursuit of an economic transition that is fair, just and inclusive.
“That is why the Egyptian COP Presidency, and the City of London Corporation are partnering to host the Net Zero Delivery Summit in London, in 2023.
“This event will focus squarely on delivering a just transition to net zero. The financial and professional services sector has a critical role to play in mobilising capital into emerging markets to support mitigation, adaptation and resilience.
“This Summit will showcase the very best examples of what is working, on the ground, from around the world, to deliver net zero in a just and inclusive fashion.
“This will inform and inspire business leaders and policymakers as we collectively take the necessary steps towards addressing the climate crisis.”
London experiences record breaking heatwaves during the summer, with the mercury hitting 40.2 degrees Celsius.
Ambassador Mohamed Nasr, Director of the Climate, Environment and Sustainable Development Department at the Egyptian Ministry of Foreign Affairs, said: “The COP27 Presidency is pleased that the second Net Zero Delivery Summit will put the importance of a just transition at its heart.
It is imperative to ensure a managed and just transition to an economic model based on low-emission and climate-resilient development, based on the agreed principles in the UNFCCC and the Paris Agreement.
“Responses to climate change should be integrated with sustainable social and economic development, recognising the specific needs of developing countries, that are particularly vulnerable to the adverse effects of climate change.
“A number of governments, business, trade unions and civil society actors have led the way in shaping just transition solutions. We need to build on these solutions and innovate new ones, and we are looking forward to the second Net Zero Delivery Summit contributing to that cause.”
In addition to the in-person event, it will also be livestreamed to a global audience online.