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
EU’s “Fit for 55” to spur policy innovation for climate action

The European Commission has released its “Fit for 55”...

EU’s “Fit for 55” to spur policy innovation for climate action
In The News
Munich Re and ERGO invest in EIT Climate-KIC carbon removal programme

Major German corporate group sets the ambition to accelerate...

Munich Re and ERGO invest in EIT Climate-KIC carbon removal programme
In The News
23 pilot projects selected by EIT to unlock higher education’s innovation po...

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

23 pilot projects selected by EIT to unlock higher education’s innovation potential in Europe
In The News
Investing in start-ups scales the offering of climate adaptation solutions in ...

A partnership between EIT Climate-KIC and CDC Group, the...

Investing in start-ups scales the offering of climate adaptation solutions in African and South Asian countries
In The News
Irish Aid extends support for innovation and development from the ground up

The Government of Ireland’s development assistance programme, Irish Aid,...

Irish Aid extends support for innovation and development from the ground up
In The News
EIT Climate-KIC showcases climate innovation at R&I Days

EIT Climate-KIC participated in the European Commission’s Research and...

EIT Climate-KIC showcases climate innovation at R&I Days
In The News
Branch Magazine wins Ars Electronica Award for Digital Humanity

Branch Magazine, a collaboration between EIT Climate-KIC, Mozilla Foundation...

Branch Magazine wins Ars Electronica Award for Digital Humanity
In The News
Cross-KIC project to boost circular economy in Western Balkans

The circular economy concept is of crucial importance to...

Cross-KIC project to boost circular economy in Western Balkans
In The News
Exploring new horizons with Pioneers into Practice

Enrolment is now open for placement hosts and participants...

Exploring new horizons with Pioneers into Practice
In The News
Circular bioeconomy start-up receives €2 million from European Innovation Co...

EIT Climate-KIC supported Lixea (formerly Chrysalix Technologies) has received...

Circular bioeconomy start-up receives €2 million from European Innovation Council Fund
In The News
Embracing a new approach to climate change in Moldova

Moldova is one of Europe’s most modest contributors to...

Embracing a new approach to climate change in Moldova
In The News
Krakow: transforming the city towards climate neutrality

Poland’s former capital and one of its oldest cities,...

Krakow: transforming the city towards climate neutrality
In The News
Is Europe doing enough to tackle climate change?

On 23 April, EIT Climate-KIC CEO Kirsten Dunlop spoke...

Is Europe doing enough to tackle climate change?
In The News
EU Commission publishes sustainable finance taxonomy

The European Commission has published its EU-wide classification system for...

EU Commission publishes sustainable finance taxonomy
In The News
New European Bauhaus: what kind of future do you want to live in?

On 22 and 23 April, the first conference dedicated...

New European Bauhaus: what kind of future do you want to live in?
In The News
Estonian innovation to help stabilise grid as renewables increase

EIT Climate-KIC supported Estonian start-up Sympower has raised €5.2...

Estonian innovation to help stabilise grid as renewables increase
In The News
Five EIT Climate-KIC community members in Forbes 30 under 30 list

Twelve entrepreneurs from across the EIT community have been...

Five EIT Climate-KIC community members in Forbes 30 under 30 list
In The News
These eleven organisations are building a greener Europe

Google, in partnership with EIT Climate-KIC, launched the €10...

These eleven organisations are building a greener Europe
In The News
New equity crowdfunding programme unearths cleantech start-ups

Found by us, funded by you, a new start-up...

New equity crowdfunding programme unearths cleantech start-ups
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