Europe’s annual climate innovation summit to be held in emerging green finance centre Dublin

The 2018 Climate Innovation Summit, Europe’s leading event on climate innovation, will be held in the emerging green business hub of Dublin this November with a focus on the finance needed to accelerate climate action. 

From 6 to 8 November, 600 decision makers from across Ireland and Europe will convene to discuss innovative finance solutions that will accelerate the decarbonisation of transport, buildings, and food production.

Organised by EIT Climate-KIC, Europe’s climate innovation body funded by the European Institute of Innovation and Technology, the summit coincides with Ireland’s 2018 Year of Sustainable Business, and is developed in partnership with Sustainable Nation Ireland, supported by Ireland’s Department of Finance.

Paschal Donohoe TD, Minister for Finance, Public Expenditure and Reform, will open the 2018 event. Donohoe said: “Underlining Ireland’s commitment to this vital agenda, I am delighted that Europe’s Climate-KIC has chosen Ireland as the venue for this important gathering. Climate change is one of the most crucial issues facing the world today.

The Summit, which has taken place annually since 2016, connects policymakers, businesses, entrepreneurs, scientists and academics to share best practice and create the opportunities to scale-up the solutions that accelerate climate action.

The 2017 summit took place in Milan. The critical mass of cities, and how they can be a lever for change, was the focal point for cross-sectoral discussion on circular cities, smart infrastructure, sharing economy, climate risk information, resilience and adaptation planning, mobility, urban food and nature-based solutions. 

EIT Climate-KIC is intensifying its focus on finance innovation as a driver of change within cities, manufacturing and land use and the Summit will see the public-private partnership consolidating a number of new initiatives and collaborations ahead of COP24.

EIT Climate-KIC chief executive, Kirsten Dunlop said: “Transforming the financial sector so that it can kickstart a zero-carbon economy necessitates not just new relationships with the finance sector, but new business models, new ways of accounting, reporting and understanding social and environmental value. The Climate Innovation Summit in Dublin will be essential in bringing together these currently disparate efforts across Europe to form a united innovation front in the run up to COP24.”

In Ireland, EIT Climate-KIC is working with Sustainable Nation Ireland in Dublin to build on the city’s position as an emerging hub for green business and finance innovation.

Activities to bolster the city’s climate innovation ecosystem so far have included 88 fully-funded start-up accelerator placements, an open innovation challenge to identify solutions for Dublin’s flood risks, as well as one of the most highly-rated ‘legs’ of EIT Climate-KIC’s pan-European climate innovation summer school, at Trinity College Dublin.

The 85 companies supported by the programme in the past three years now employ 131 people. In 2017 alone, new start-up companies supported by the partnership raised just over €2.3 million in external investment, among them MimergyHexafly and Kollect.

Sustainable Nation works with both the public and private sectors in Ireland to stimulate greater investment into smart innovations, new enterprises and sustainable business practices. It is a platform for those working right across the low-carbon sector and capital markets to come together, understand each other – and ultimately do business together at a local and global level.

Stephen Nolan, chief executive of Sustainable Nation Ireland, said: “We are delighted that Climate-KIC have chosen Dublin as the location for their annual summit. The summit theme of sustainable finance innovation really plays to Irish strengths in this area, strengths that have been nurtured by Climate-KIC and have led to Dublin emerging as a leading international sustainable finance hub.”

Held at Dublin Castle, the summit will convene a multi-disciplinary group of changemakers to advance the innovation in finance, investment flows and accounting needed to decarbonise transport, buildings, and food production – and put Europe on track to meet its climate goals. In Ireland, more than 370 Irish SMEs are now active in the climate-aligned innovation space employing over 4,000 people and the sector is growing. 

 


Sustainable finance in Europe

Sustainable finance is gathering momentum, with efforts focused on moving it into the mainstream. In March 2018, the European Commission unveiled its action plan on sustainable finance with a roadmap to help the EU drive the estimated €180bn of investment needed every year to cut greenhouse gas emissions by 40 per cent by 2030. 

Since 2010, EIT Climate-KIC and its 280 Partners have leveraged €2.5 billion worth of climate action, harnessing innovation opportunities through more than 150 cross-sector, cross-border partner projects. Over 1000 innovative start-ups have been created in EIT Climate-KIC programmes, attracting €450 million of investment. 

 
Location
Ireland
Articles you may be interested in
In The News
Europe’s moment to lead on green financial centres

Pascal Donohue,  Minister for Finance and Stephen Nolan, Sustainable...

Europe’s moment to lead on green financial centres
Opinion
Rewiring finance through climate innovation
Kirsten Dunlop Chief Executive Officer, EIT Climate-KIC
Rewiring finance through climate innovation
In our community
Interview with Karim Tarraf, CEO, Hawa Dawa
Interview with Karim Tarraf, CEO, Hawa Dawa
In our community
Interview with Asger Hansen, CEO, Havsans IVS
Interview with Asger Hansen, CEO, Havsans IVS
Innovation Spotlight
Landscape Finance Lab: Key partnerships with major corporations to drive sus...

In Innovation Spotlight, we explore some of the most promising innovations from around our community. This week,...

Landscape Finance Lab: Key partnerships with major corporations to drive sustainable land use
In The News
Solar Impulse network joins forces with EIT Climate-KIC to accelerate innovati...

EIT Climate-KIC, Europe’s main climate innovation initiative has joined...

Solar Impulse network joins forces with EIT Climate-KIC to accelerate innovation
Opinion
Consumers play a decisive role in the shift towards a circular economy
Ulrike Linnig Innovation Lead, Germany, EIT Climate-KIC
Consumers play a decisive role in the shift towards a circular economy
In The News
Updated Investor Marketplace aims to scale green funding with networks effects

Before the recent launch of EIT Climate-KIC’s new Investor...

Updated Investor Marketplace aims to scale green funding with networks effects
In The News
World’s leading finance innovators to outline new mission for finance at Eur...

‘Mission Finance’ – the mission critical opportunities for collaboration...

World’s leading finance innovators to outline new mission for finance at Europe’s top climate innovation summit
Innovation Spotlight
CRAMS’ comprehensive climate datasets enable financial institutions to...

In Innovation Spotlight, we explore some of the most promising innovations from around our community. This week,...

CRAMS’ comprehensive climate datasets enable financial institutions to satisfy TCFD recommendations
In our community
Interview with Charlotte Thiery, Project Manager, InclusivEV
Interview with Charlotte Thiery, Project Manager, InclusivEV
In The News
UN sustainable finance centres network establishes base in Dublin, home of thi...

A United Nations programme, supported by EIT Climate-KIC, which...

UN sustainable finance centres network establishes base in Dublin, home of this year’s Climate Innovation Summit
In The News
EIT Climate-KIC-supported Climeworks raises €27 million to commercialise CO2...

Climeworks AG, the world leader in capturing CO2 from...

EIT Climate-KIC-supported Climeworks raises €27 million to commercialise CO2 removal technology
Opinion
Harvesting opportunities for health, wealth and climate stability in regenerative agriculture
Daniel Zimmer Daniel Zimmer, Director Sustainable Land Use, EIT Climate-KIC
Harvesting opportunities for health, wealth and climate stability in regenerative agriculture
In Detail
How can digitalisation unlock the circular economy’s potential?

With the global population rapidly increasing, it’s become essential to review our current system to adapt to the growing demand for basic goods and...

How can digitalisation unlock the circular economy’s potential?
In The News
Quantis and EIT Climate-KIC to develop spatial lifecycle analysis tool for sus...

Swiss sustainability consultancy Quantis has launched a two-year project, supported...

Quantis and EIT Climate-KIC to develop spatial lifecycle analysis tool for sustainable supply chains
In The News
Naked Energy secures funding to launch Virtu, the world’s most efficient...

Naked Energy has successfully closed its funding round at...

Naked Energy secures funding to launch Virtu, the world’s most efficient hybrid solar panel
Innovation Spotlight
How hemp can catalyse a cross-industry green shift

In Innovation Spotlight, we explore some of the most promising innovations from around our community. This week,...

How hemp can catalyse a cross-industry green shift
In The News
City of Bologna set to scale up local carbon market after successful EIT Clima...

The development of local carbon markets can catapult cities...

City of Bologna set to scale up local carbon market after successful EIT Climate-KIC pilot
In Detail
Increasing the resilience and sustainability of European forests

What are the climate challenges faced by European temperate forests? What is their potential for climate mitigation, directly, and by relieving commercial pressures on...

Increasing the resilience and sustainability of European forests
In our community
Interview with Christopher Lee, CEO, Climate-KIC Australia
Interview with Christopher Lee, CEO, Climate-KIC Australia
In The News
Zero-water shampoo start-up wins Smart Agrifood Summit award

A biodegradable cosmetics start-up using agricultural waste to make...

Zero-water shampoo start-up wins Smart Agrifood Summit award
In our community
Marie Dittmann, creator of Future of Farming MOOC
Marie Dittmann, creator of Future of Farming MOOC
In The News
Hyperloop pioneers welcome a new era in high-speed transportation with industr...

Leading hyperloop companies TransPod (from Canada), Hardt Hyperloop (from...

Hyperloop pioneers welcome a new era in high-speed transportation with industry-first international alliance
In our community
We’re in innovation, right? So why interact in such traditional ways?
Dr Michelle Zucker EIT Climate-KIC Community Management Lead
We’re in innovation, right? So why interact in such traditional ways?
Innovation Spotlight
How mushroom mycelia are transforming industrial materials

In Innovation Spotlight, we explore some of the most promising innovations from around our community. This week,...

How mushroom mycelia are transforming industrial materials
In The News
EIT Climate-KIC’s Carbon Delta takes on climate disclosures project with...

Carbon Delta, the climate risk analysis company supported by...

EIT Climate-KIC’s Carbon Delta takes on climate disclosures project with the UN
In our community
Interview with Prof. Jacopo Gaspari of EIT Climate-KIC’s PhD Catapult
Interview with Prof. Jacopo Gaspari of EIT Climate-KIC’s PhD Catapult
In The News
Introducing the Innovation Review

EIT Climate-KIC this week launches Innovation Review — a...

Introducing the Innovation Review
Opinion
We need mandatory due diligence on investments, says EU rapporteur
Molly Scott Cato MEP for the South West of England and Gibraltar; Green Party speaker on Brexit and on Finance
We need mandatory due diligence on investments, says EU rapporteur