COP24 Side Event
So far, the financial system has responded to the urgent climate challenge by directing the capital of those concerned or interested to activities and assets defined as ‘sustainable’, using existing instruments and mechanisms (e.g. green bonds, patient investment cycles, increasing sustainable assets).
However, these initiatives are proving too slow to meet the urgency of the climate challenge. Part of the problem is because the financial industry’s risk assessment tools aren’t adapted to the assessment of a circular economy, nor are they able to fully measure the financial value of environment damage and social dislocation.
This has resulted in a financing hurdle, since the private sector has been shy to take on risks associated with scaling up innovative and breakthrough projects.
This event will facilitate a discussion on the opportunities and business models to achieve 1.5 C.
- Sandrine Dixson-Declève, Co-President, Club of Rome
- Dennis Pamlin, Advisor, RI.SE & Mission Innovation
- Alzbeta Klein, Director and Global Head, Climate Business, IFC
- Cliona Howie, Circular Economy Lead, EIT Climate-KIC
- Scott Williams, Mission Finance Lead, EIT Climate-KIC
Venue: COP24 EU Pavilion, Vienna Room