When :from Friday 22 May, 2015 09:00 to Friday 22 May, 2015 18:00
Type of event :Meeting by Member States or Institutions
Where :UNESCO Headqarters, Room I, Paris, France
A few months ahead of the United Nations Climate Change Conference in Paris, the question of the trillions of dollars that will be required to limit Global Warming to 2 degrees is more pressing now than ever. The questions of how to reduce financing for a high carbon economy, and conversely, of how to encourage green investment are crucial. The Climate Finance Day will bring together major players in these areas to foster communication, collaboration and the adoption of forward-looking strategies for a fast-changing world.
A growing number of private financial operators throughout the world are getting involved in order to redirect capital towards a low-carbon and resilient growth. The United Nations Climate Summit that was held in New York on September 23, 2014 demonstrated the extent of their commitments.
To address the specific challenges and issues related to the “positive agenda”, financial operators will gather on May 22nd at UNESCO headquarters to showcase solutions, review current debates, highlight successful policies, and make commitments toward the goal of supporting the necessary transitions in the economy through the implementation of responsible investment approaches. This concerns not only climate finance in the developed countries, but also finance for a green and low carbon development.
The questions of how to reduce financing for a high carbon economy, and conversely, of how to encourage green investment are crucial and need to be addressed. Financial solutions exist. New concepts and scalable solutions are available now that will enable a more accurate assessment of the risks and opportunities inherent to the decisions to be made, and provide financial instruments to support those decisions: Pioneering investors are altering the composition of their portfolios. Banks, insurers and the broader financial industry are designing new tools. National governments have introduced innovative political and regulatory frameworks.
The Climate Finance Day will bring together major players in these areas to foster communication, collaboration and the adoption of forward-looking strategies for a fast-changing world.
Co sponsored by Caisse des Dépôts, EIB
Organised by Paris Europlace
Partners: PRI, UNEP-FI, IIGCC and UNEP Inquiry
Officially approved by the COP21 French presidency.