UN sustainable finance centres network establishes base in Dublin, home of this year’s Climate Innovation Summit

A United Nations programme, supported by EIT Climate-KIC, which commits finance centres around the world to put sustainability and green at their core, will establish its base in Dublin — the home of this year’s Climate Innovation Summit. 

The Financial Centres for Sustainability (FC4S) network Dublin base will be supported by an investment of €1.5 million by EIT Climate-KIC, Europe’s leading public-private innovation partnership focused on climate innovation to mitigate and adapt to climate change. Sustainable Nation Ireland chief executive Stephen Nolan will be the network’s strategic adviser.

The new secretariat will co-ordinate a network of cities committed to the expansion of green and sustainable financial services. The FC4S network, founded by the UN environment programme, also includes London, Frankfurt, Paris, TorontoHong KongShanghai and Zurich. 

FC4S Europe, supported by EIT Climate-KIC, will develop a common European assessment tool to evaluate climate and sustainability credentials for financial centres. It will pursue collaboration, raise awareness of sustainability issues and assist with the design and delivery of development plans within financial centres yet to fully embed “the green finance agenda” within their activities.

The network will hold its inaugural meeting at the 2018 Climate Innovation Summit, EIT Climate-KIC’s annual event connecting business leaders, sectoral professionals, policymakers, entrepreneurs and the foremost thinkers to share expertise and best practice on the solutions that accelerate climate action. This year’s summit will focus on innovation for sustainable finance, in particular the role of financial ecosystems. 

Minister for Finance, Ireland, Paschal Donohoe, who will launch the FC4S at the Climate Innovation Summit, said he was delighted FC4S network had chosen Dublin as its European base. “Mobilising the world’s financial centres is essential to make progress on climate change and sustainable development,” he added.

Between 2021 and 2030, according to the European CommissionEurope requires €177 billion in additional yearly investment notably in clean energy to keep the increase in global temperature to well below 2 degrees, as agreed in the 2015 Paris Agreement on climate change.

EIT Climate-KIC chief executive Kirsten Dunlop said transforming the financial sector so it could accelerate transition to 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 2018 will take place in Dublin from 6-8 November with speakers including vice-president for Energy Union at the European Commission, Maroš Šefčovič, economist Mariana Mazzucato and Paschal Donohoe, minister for finance, Ireland. 

Registration is now open. Find out more by visiting the website here.  

 
Location
Ireland
Related Goal
Goal 10: Mainstream climate in financial markets
Articles you may be interested in
In The News
From start-up to 100-person industry player in 18 months: air up is launching ...

It’s a beverage revolution: Healthy hydration while fooling your...

From start-up to 100-person industry player in 18 months: air up is launching in new markets
In The News
#TurnItAround: an event for all climate solutions seekers, suppliers and enabl...

As part of the fifth SDG Global festival of...

#TurnItAround: an event for all climate solutions seekers, suppliers and enablers
In The News
New EIT initiative to boost innovation in higher education

The European Institute of Innovation and Technology (EIT) is...

New EIT initiative to boost innovation in higher education
In The News
Just transition within reach for Polish coal city Rybnik

“We are preparing plans for the next decade. Mentality is...

Just transition within reach for Polish coal city Rybnik
In The News
Inclusive guide helps communities build urban resilience

The new Urban Action Kit, launched by the International...

Inclusive guide helps communities build urban resilience
In The News
Climate app among DigiEduHack 2020 global finalists

The DigiEduHack, supported by EIT Climate-KIC as well as...

Climate app among DigiEduHack 2020 global finalists
In The News
GreeMko receives Climate Reality Project Award in Spain 

GreeMko (for Green Management Technology), a Spanish start-up that...

GreeMko receives Climate Reality Project Award in Spain 
In The News
What’s the future of trade in a climate crisis?

EIT Climate-KIC Chief Executive Officer Kirsten Dunlop addressed the...

What’s the future of trade in a climate crisis?
In The News
Wanted: Green business ideas to fix climate change

Starting today, the seventh edition of the global green...

Wanted: Green business ideas to fix climate change
In The News
Why sustainable water management needs a systemic solution

Ensuring that fresh water is available, in a sustainable...

Why sustainable water management needs a systemic solution
In The News
Integrating nature with technology to strengthen climate adaptation

The European Commission released the new EU Climate Adaptation...

Integrating nature with technology to strengthen climate adaptation
In The News
EIT Climate-KIC is a key player in helping Europe adapt to climate change

EIT Climate-KIC welcomes the new EU strategy on adaptation...

EIT Climate-KIC is a key player in helping Europe adapt to climate change
In The News
Edinburgh: building climate resilient infrastructure and communities

A labyrinth of cobblestone streets, dimly lit and presided...

Edinburgh: building climate resilient infrastructure and communities
In The News
Residents of Kessel-Lo, Belgium, are invited to shape the future of their neig...

EIT Climate-KIC is working with the city of Leuven...

Residents of Kessel-Lo, Belgium, are invited to shape the future of their neighbourhood
In The News
Improved urban parks increase communities’ climate resilience

Start Park, a project led by citizens from Florence,...

Improved urban parks increase communities’ climate resilience
In The News
New accelerator programme geared towards systemic change secures key partners

Following its Open Call, the New Accelerator programme has...

New accelerator programme geared towards systemic change secures key partners
In The News
New videogame builds climate awareness among players

Change Game, a videogame financed by EIT Climate-KIC and...

New videogame builds climate awareness among players
In The News
Organic and homemade food brought to the dining rooms of large corporations

Carlota Mateos and Juan Vila, co-founders of PlenEat have...

Organic and homemade food brought to the dining rooms of large corporations
In The News
Climeworks added to Microsoft’s climate portfolio

EIT Climate-KIC supported Climeworks, a carbon capture technology, is...

Climeworks added to Microsoft’s climate portfolio
In The News
Circular Slovenia named in 100 Climate Policy Breakthroughs

The peer-to-peer learning platform for governments, Apolitical, included EIT...

Circular Slovenia named in 100 Climate Policy Breakthroughs
In The News
New tool uses satellite imagery to accelerate sustainable agriculture

Supported by EIT Climate-KIC and developed by its partner...

New tool uses satellite imagery to accelerate sustainable agriculture
In The News
EIT Climate-KIC at the Climate Adaptation Summit 2021

EIT Climate-KIC will be taking part in the Climate...

EIT Climate-KIC at the Climate Adaptation Summit 2021
In The News
Green Invest from Stuttgart and Start Park from Florence win Climathon Awards ...

A total of 140 teams of citizen finalists applied...

Green Invest from Stuttgart and Start Park from Florence win Climathon Awards 2020
In The News
Biden’s Opportunity for Reinventing Climate Innovation

Joe Biden will be sworn in today as 46th...

Biden’s Opportunity for Reinventing Climate Innovation
In The News
EIT Climate-KIC’s Open Accelerator: collaboration, not competition

It is no secret that to tackle climate change...

EIT Climate-KIC’s Open Accelerator: collaboration, not competition
In The News
New platform inspires sustainable Nordic wood construction

This week marks the launch of NoMuWood.com, an EIT...

New platform inspires sustainable Nordic wood construction
In The News
European Union launches Pact to support citizen-led climate action

On Wednesday 16 December, the European Commission is launching...

European Union launches Pact to support citizen-led climate action
In The News
“An avalanche of hope and energy”: The power of Paris

Our Climate Champions 2020: Melissa Capcha. Five years on...

“An avalanche of hope and energy”: The power of Paris
In The News
“Let’s find ways to take action within our abilities”

Our Climate Champions 2020: Gopal Kumar Mohoto. Five years...

“Let’s find ways to take action within our abilities”
In The News
“Climate change is outpacing us, there is no time for excuses”

Our Climate Champions 2020: Cristina Aleixendri Muñoz. Five years...

“Climate change is outpacing us, there is no time for excuses”