Climate change is likely to significantly modify patterns of capital investments, and constitutes both a risk and an opportunity for investors and financial institutions.
The Paris Agreement approved at the COP21 is giving a new thrust to climate policy worldwide. A framework aligning the decisions of financial institutions with long-term climate goals is taking shape, and carbon intense projects and investments will likely face an increasing risk of getting stranded.
The aim of the ICCG Lecture Series on “Climate Finance”, thanks to the involvement of experts to discuss the most relevant topics in the field, is to demonstrate the extent to which changing finance is pivotal to the finance change required by the Climate Agreement and the 2030 Agenda for Sustainable Development. The theme of is treated in a very accessible way, by providing definitions, case studies, best practice solutions and the widest possible scenarios.
The full ICCG Lecture Series on “Climate Finance” is available on ICCG’s YouToube channel:
The influence of the Paris Agreement on the climate finance agenda
Given by: Dr. Barbara Buchner, Executive Director, Climate Policy Initiative
The Paris Agreement commits countries to holding global temperature rise well below 2 degrees and to pursue efforts to limit it to 1.5 °C. Significant investments are needed to meet this target and accelerate the transition towards a low-carbon, climate-resilient future. In this video-lecture, Barbara Buchner explains how to scale up financing for climate actions and how to translate countries’ Nationally Determined Contributions (NDCs) into real investment plans.
Climate Finance: towards a low-carbon, climate-resilient economy
Given by: Christopher Knowles, Head of Climate, European Investment Bank
In this video lecture, Christopher Knowles introduces the main instruments and policies to redirect investments from high carbon to low-carbon infrastructures, stressing the importance of pricing emissions. Moreover, he talks about measures investors can adopt to influence climate change positively, such as due diligence, decarbonization of investment portfolios, carbon accounting, disclosure, valuation of carbon stranding.
The role of Multilateral Development Banks in supporting climate action in developing countries
Given by: Christian Grossmann, Director of Climate Change, World Bank Group
The last video lecture investigates the role of international finance institutions in helping developing countries close the climate finance gap. In particular, the private sector and the insurance sector are called to play a fundamental part in funding climate adaptation and mitigation measures and in providing insurance for climate impacts in developing countries.