Venue: Room Vienna, EU Pavilion
EIT Climate-KIC is at COP24 to highlight the importance of catalysing a shift in the financial sector to achieve transformative change to meet the challenge of climate change.
As Europe’s main climate innovation initiative, EIT Climate-KIC will be sharing how we work to bring the right partners together at the right time, to address how to create systemic impact in the financial system through innovation. With finance as a ‘systems driver’, representatives will discuss how the organisation is working with the climate innovation community to find the best ways to ‘nudge’ the financial system across its portfolio of activities in four work areas – urban transitions, sustainable land use, sustainable production systems, and decision metrics and finance.
(Event-specific information adapted from http://ec.europa.eu/clima/events/0124/calendar_en.htm#schedule)
- EIT Climate-KIC
- Institute for Climate Economics (I4CE)
This session will highlight the key role that land use can and must play in addressing climate change, as well as a number of pre-requisites for this role to be enhanced.
Land use is simultaneously part of the problem and has the potential to act as a source of solutions. It offers multiple opportunities to sequestrate more carbon – for example, in soils and biomass – and to avoid emissions, particularly non-CO2 greenhouse gases and deforestation. Biomass-derived products will also need to substitute some of the petrol-based ones. Yet, land use, due to the complexity of the processes it generates, is recognised more as a problem than as part of the solution.
This session will demonstrate the variety of ways in which solutions can be developed from land use. These regularly feature prominently in the NDCs (Nationally Determined Contributions to tackling global climate change, as decided at COP) of many countries, particularly developing countries.
It will focus on the needs for better transparent accounting mechanisms leading to the certification of solutions and for innovative carbon finance mechanisms adapted to the new context of the Paris Agreement. The willingness of several actors to engage with these solutions will also be highlighted.
- Tasila Banda; Ministry of National Development Planning, Zambia
- Vincent Blanfort; CIRAD
- Jean Baptiste Dole; IDELE
- Julia Grimault; I4CE
- Renat Hausberger; SouthPole
- Owen Hewlett; GoldStandard Foundation
- Dominik Müller; Quantis
- Dimitar Nikov; French Ministry for Ecological and Inclusive Transition
- Anders Wijkman; EIT Climate-KIC and Club of Rome
- Andrew Wu; WRI
- Daniel Zimmer; EIT Climate-KIC
- James Lloyd; The Nature Conservancy