President Emmanuel Macron and Michael R. Bloomberg deliver proof of concept for groundbreaking net-zero data public utility at Cop28

President Emmanuel Macron and Michael R. Bloomberg deliver proof of concept for groundbreaking net-zero data public utility at Cop28

Dubai, U.A.E.: Today, French President Emmanuel Macron and UN Secretary-General’s Special Envoy on Climate Ambition and Solutions Michael R. Bloomberg unveiled the proof of concept for the Net-Zero Data Public Utility (NZDPU or the Utility), which will be the world’s first global, centralized, open repository for private sector climate transition-related data freely accessible to all. The NZDPU is designed to provide unprecedented transparency into a core set of private sector climate data critical for the net-zero transition. French President Emmanuel Macron said: “To achieve our climate ambition, it is our entire financial architecture which needs to be redesigned: this is what we agreed in the Paris Pact for People and the Planet last June. We will need a massive scale-up of private financial flows towards investments that contribute to the net zero objective. With our partners, we have been at the forefront already, launching the Task Force on Climate-related Financial Disclosures (TCFD), for more transparency on companies’ climate risks, followed by the same exercise for nature (TNFD). This is also why I supported the creation of the One Planet Data Hub in 2021, which results now in the launch of this utility, thanks to M. Bloomberg’s commitment and the support