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 today 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 issues that need to be addressed. The past year has seen a great deal of traction in this area with pioneering investors altering the composition of their portfolios and national governments introducing innovative political and regulatory frameworks. New solutions that enable a more accurate assessment of the risks and opportunities inherent to green investment decisions are already available.
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. The event is organised by Paris Europlace and co-sponsored by Caisse des Dépôts and the European Investment Bank (EIB). Key partners include PRI, UNEP-FI, IIGCC and UNEP Inquiry.
(Source: UN PRI)