The 26th UN Climate Change Conference of the Parties (COP26) wrapped on November 12, 2021, after two weeks of discussion and debate. In this discussion, Hiromichi Mizuno, UN Special Envoy on Innovative Finance and Sustainable Investments, reviews the implications of world leaders' net-zero carbon emissions commitments for financial institutions. and looks ahead to the opportunities these commitments offer for sustainability-linked financing and ESG investment markets.