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
What will it take to build the New European Bauhaus?

“Beautiful, Sustainable, Together”. These are the values – and...

What will it take to build the New European Bauhaus?
In The News
EIT Climate-KIC selects five partners in Global South to implement gender main...

The intersection of climate and innovation remains a male-dominated...

EIT Climate-KIC selects five partners in Global South to implement gender mainstreaming into entrepreneurship
In The News
Citizens inspire a car-free Leuven

A broad survey, possible solutions displayed on screens, inspirational...

Citizens inspire a car-free Leuven
In The News
EIT Climate-KIC accelerates climate tech solutions for a net-zero Africa 

Climate-focused start-up teams in developing countries face distinct challenges...

EIT Climate-KIC accelerates climate tech solutions for a net-zero Africa 
In The News
New European Bauhaus Hackathons will reward most innovative solutions

EIT Community New European Bauhaus partners will be hosting...

New European Bauhaus Hackathons will reward most innovative solutions
In The News
Slovenia takes a pivotal turn towards circularity

Slovenia has decided to actively combat climate change by...

Slovenia takes a pivotal turn towards circularity
In The News
Innovative climate projects part of EIT Community New European Bauhaus initiat...

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

Innovative climate projects part of EIT Community New European Bauhaus initiative
In The News
A new air and climate plan for Milan

The City Council of Milan approved the Air and...

A new air and climate plan for Milan
In The News
Meet the three EIT Climate-KIC innovators nominated for EIT Awards

Three innovators from EIT Climate-KIC’s community have been nominated...

Meet the three EIT Climate-KIC innovators nominated for EIT Awards
In The News
100 European cities take up the challenge to become carbon neutral by 2030

On Monday 13 June, the representatives of the 100...

100 European cities take up the challenge to become carbon neutral by 2030
In The News
The role of cities and regions in transforming wood value chains

Climate smart forest economies It’s a crucial decade for...

The role of cities and regions in transforming wood value chains
In The News
Glasgow City Region pioneering forest economy innovation to drive climate acti...

Scotland’s largest city region is actively tackling climate change...

Glasgow City Region pioneering forest economy innovation to drive climate action
In The News
Forging sustainable timber construction in Europe

EIT Climate-KIC and Built by Nature, announce an initiative...

Forging sustainable timber construction in Europe
In The News
EIT Climate-KIC launches new Circularity Thinking training programme

EIT Climate-KIC is launching Circularity Thinking courses to tackle...

EIT Climate-KIC launches new Circularity Thinking training programme
In The News
EIT Climate-KIC announces four winners of EIT Community Booster

EIT Climate-KIC selected four cleantech start-ups to be part...

EIT Climate-KIC announces four winners of EIT Community Booster
In The News
Science reveals last paths to stop irreversible planetary damage

Climate change is going to get worse, but curbing global warming is...

Science reveals last paths to stop irreversible planetary damage
In The News
EIT Community presents New European Bauhaus Ideation Awards winners

Supported by the EIT Community, the New European Bauhaus...

EIT Community presents New European Bauhaus Ideation Awards winners
In The News
EIT Climate-KIC joins forces with the Government of Ireland to stimulate clima...

The Ministry of Agriculture, Food and the Marine of...

EIT Climate-KIC joins forces with the Government of Ireland to stimulate climate innovation in the agri-food sector
In The News
Climate Lab: EIT Climate-KIC co-initiates hotspot for Vienna’s climate ambit...

Climate Lab in Vienna will give climate actors an...

Climate Lab: EIT Climate-KIC co-initiates hotspot for Vienna’s climate ambitions
In The News
Seven takeaways from the latest IPCC report

On 28 February, the IPCC Sixth Assessment Report (AR6)...

Seven takeaways from the latest IPCC report
In The News
EIT launches new Global Outreach website

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

EIT launches new Global Outreach website
In The News
EIT Climate-KIC and Amazon launch call for sustainable start-ups

Working on transformative, systemic innovation to accelerate a net-zero...

EIT Climate-KIC and Amazon launch call for sustainable start-ups
In The News
Votes open for the 2021 New European Bauhaus Ideation Awards – Audience Awar...

Do you want to support innovative solutions that integrate...

Votes open for the 2021 New European Bauhaus Ideation Awards – Audience Award
In The News
Brill Power’s new innovation radically increases battery life and storag...

Brill Power, supported by EIT Climate-KIC, has launched the...

Brill Power’s new innovation radically increases battery life and storage capacity
In The News
EIT Climate-KIC CEO Dr. Kirsten Dunlop gives TEDx Talk

EIT Climate-KIC CEO Dr. Kirsten Dunlop delivered a talk,...

EIT Climate-KIC CEO Dr. Kirsten Dunlop gives TEDx Talk
In The News
Putting theory into practice: EIT Climate-KIC Pioneer innovating the Greek mar...

To tackle complex climate challenges, we need a broader...

Putting theory into practice: EIT Climate-KIC Pioneer innovating the Greek maritime sector
In The News
EIT launches call for proposals to boost innovation in Higher Education Instit...

Unlocking the potential of higher education institutions for innovation...

EIT launches call for proposals to boost innovation in Higher Education Institutions
In The News
The Dolomites forging climate resilience

The Italian Dolomites, a UNESCO World Heritage Site, are...

The Dolomites forging climate resilience
In The News
People-powered resilience: Andalusia announces new climate action plan

The region’s climate action plan has been announced, with...

People-powered resilience: Andalusia announces new climate action plan
In The News
Built by Nature: new initiative to accelerate the transition to sustainable co...

The built environment accounts for close to 40 per...

Built by Nature: new initiative to accelerate the transition to sustainable construction in cities