A round-up of EIT Climate-KIC at the Global Climate Action Summit

EIT Climate-KIC was among the policymakers, business leaders, academics and celebrities who gathered last week in San Francisco to discuss how to ramp up climate action under the leadership of the Governor of California, Jerry Brown.

The summit was called in the context of US President Donald Trump having stated his intention to withdraw the country from the Paris Climate Agreement as quickly as possible.

Notable attendees at the summit, which focused on energy systems, inclusive growth, sustainable communities, stewardship of the natural world and sustainable finance, included the Secretary-General of the United Nations Framework Convention on Climate Change (UNFCCC), actor Harrison Ford, House Democratic Leader Nancy Pelosi, Executive Director of Greenpeace International Jennifer Morgan, Chairman and CEO of Electricité de France Jean-Bernard Levy and Former Vice-President Al Gore.

Hundreds of events took place both at the summit and around San Francisco, hosted by a wide variety of institutions including non-governmental organisations, research centres and banks. 

EIT Climate-KIC Chief Executive Officer Kirsten Dunlop spoke on 11 September at the Investing in Resilience event about the innovation needed to rewire finance for climate action, alongside Romualdo Bernucci from the European Investment Bank and Kathy Baughman-McLeod from the Bank of America at the Pacific Energy Center. 

“There is a dramatic gap between the needs and solutions. EIT Climate-KIC is taking a portfolio approach to supporting innovation in resilience finance, focusing on key leverage points for systemic change,” Dunlop said.

At the Dell-sponsored Policy Hackathon, seeking policy solutions for cities around the world facing climate challenges, EIT Climate-KIC UK and Ireland’s Business Development and Partnerships Lead Neil Walmsley was part of the winning team.

Walmsley’s team looked at how to finance a £6 million methaniser plant in Cameroon aimed at reducing methane emissions from local industry and turning it into useful by-products. 

The GCAS has aimed to highlight that “states and regions, cities, businesses and investors are leading the charge on pushing down global emissions by 2020” and the Washington Post reported that actions by sub-national actors and the private sector in the United States could fulfil 50 per cent of the county’s Paris Agreement commitment. 

During the summit, the philanthropic community announced $4 billion of support over five years to tackle climate change. Nat Simons, co-founder of the Sea Change Foundation said on 14 September, “The multi-billion dollar commitment announced today is only a down payment.  Together we’ll need to invest billions more. And soon.”

 
Location
Austria
Articles you may be interested in
In Detail
Municipality-led circular economy case studies from EIT Climate-KIC and part...

How can cities create prosperity for expanding populations whose rates of consumption are increasing, while strengthening the systemic change that supports waste and resource management?...

Municipality-led circular economy case studies from EIT Climate-KIC and partners
In Detail
Transformative change through innovation: An analysis of the role of innovat...

One of the areas with significant potential to reduce carbon emissions is the energy sector, including the transition away from coal. It is, and...

Transformative change through innovation: An analysis of the role of innovation in five transition regions
In The News
COP24 report: The vital role of land use in climate mitigation

With the carbon costs of travel in mind, key...

COP24 report: The vital role of land use in climate mitigation
In The News
COP24: Distributed ledger technology could help enact Paris Agreement

With the carbon costs of travel in mind, key...

COP24: Distributed ledger technology could help enact Paris Agreement
Opinion
System innovation is needed to help regions shift to a low-carbon economy
System innovation is needed to help regions shift to a low-carbon economy
In The News
COP24: Social innovation to drive just transition of coal regions

With the carbon costs of travel in mind, key...

COP24: Social innovation to drive just transition of coal regions
In Detail
DLT for climate action assessment

DOWNLOAD THE REPORT Over the past decade, we’ve witnessed a myriad of milestones that have put the vision of a prosperous, climate-resilient society on...

DLT for climate action assessment
In The News
EIT Climate-KIC’s ConnectedClusters launches at EUROCITIES

EIT Climate-KIC’s ConnectedClusters project—which aims to accelerate innovation clusters...

EIT Climate-KIC’s ConnectedClusters launches at EUROCITIES
Opinion
St. Patrick is on a Mission – #MissionFinance 1.5 C
Sandra Vlašić, Partnerships, Resources and Stories Terra Hub
St. Patrick is on a Mission – #MissionFinance 1.5 C
In our community
EIT Climate-KIC to showcase its top 30 cleantech startups during Slush 2018
EIT Climate-KIC to showcase its top 30 cleantech startups during Slush 2018
In The News
How to unlock the finance needed for integrated landscape approaches

Why integrated landscape approaches matter and how to unlock...

How to unlock the finance needed for integrated landscape approaches
In The News
Regional Innovation Scheme start-ups showcase cleantech achievements supported...

Last month (October 2018) in Vienna, Austria, 32 start-ups...

Regional Innovation Scheme start-ups showcase cleantech achievements supported by EIT Climate-KIC
In The News
City Finance Lab explores new advisory services to catalyse investment in sust...

With the carbon costs of travel in mind, Climate...

City Finance Lab explores new advisory services to catalyse investment in sustainable cities
In The News
EIT Climate-KIC responds to consultation on Long-Term Strategy for EU GHG emis...

As an active member of the community working to...

EIT Climate-KIC responds to consultation on Long-Term Strategy for EU GHG emissions reduction
Opinion
Distributed ledger technologies are here to stay
Dr. Harald Rauter Regional Innovation Lead, Climate-KIC
Distributed ledger technologies are here to stay
In The News
Search for 100 1.5C-compatible investments launched

The EU-backed Mission Innovation initiative has launched a framework...

Search for 100 1.5C-compatible investments launched
In The News
Can self-reporting be effective for investors?

Most climate and ESG data is self-reported – can...

Can self-reporting be effective for investors?
In The News
Risky business: Why 1.5C-aligned strategies are key to preserving capital

Decision-makers with responsibility for capital need to make bold,...

Risky business: Why 1.5C-aligned strategies are key to preserving capital
In The News
No alternative: Making sustainable infrastructure the only option

Only a fraction of global climate finance is reaching...

No alternative: Making sustainable infrastructure the only option
In The News
Could ambitious financial regulation be a key driver of climate action?

With the carbon costs of travel in mind, Climate...

Could ambitious financial regulation be a key driver of climate action?
In The News
Bridging the climate adaptation investment gap

Financing climate adaptation took centre-stage at Day 2 of...

Bridging the climate adaptation investment gap
In Detail
Techno-economic assessment and life cycle assessment guidelines for CO2 util...

CO2 utilisation technologies, also known as carbon capture and utilisation (CCU) or CO2 re-use, capture CO2 and convert it into new products or services....

Techno-economic assessment and life cycle assessment guidelines for CO2 utilisation
In The News
Re-Industrialise launches at the European Week of Cities and Regions

EIT Climate-KIC and partners recently launched the Re-Industrialise programme,...

Re-Industrialise launches at the European Week of Cities and Regions
In Detail
Reframing our current approach to urban transformations

EIT Climate-KIC gathered the outputs and lessons-learned from an urban transformations community workshop in Malaga, which saw more than 100 city leaders and teams...

Reframing our current approach to urban transformations
Opinion
Reframing perspectives on climate change
Reframing perspectives on climate change
Opinion
Only 20 companies in the world provide 100 per cent greenhouse gas emissions disclosure – Are ...
Only 20 companies in the world provide 100 per cent greenhouse gas emissions disclosure – Are investors in the dark on climate risks?
In The News
Gaining a better understanding of climate risk

The roadblocks that stand in the way of companies...

Gaining a better understanding of climate risk
In The News
The power of persuasion: Great Debate changes audience’s mind on self-re...

With the carbon costs of travel in mind, Climate...

The power of persuasion: Great Debate changes audience’s mind on self-reporting
In The News
A masterclass on climate-related financial disclosure

If we want to keep on track with the...

A masterclass on climate-related financial disclosure
In The News
Transforming financial sector’s core value system may be essential to 1.5C

With the carbon costs of travel in mind, Climate...

Transforming financial sector’s core value system may be essential to 1.5C