Paris has just received several responsible from public, private and civil society, two years after the Paris agreement, to mark the urgency renewed by the environmental transition as a priority of public policies and individual initiatives.
The role of the financial sector has particularly been more questioned, in his dual dimension: of the control of the impact of the environmental risks on their financial activities and of the mobilization of the innovative financial instruments to allow the transition to spread.
Debates and meetings of several expert were about 3 themes:
- Round table 1: Risks and opportunities related to climate change: transparency and beyond
Considerable progress in recognizing the risks that climate change poses to financial actors and systems has been made over the past two years. Thanks to the FSB Task Force on Climate-related Financial Disclosures (TCFD), launched at COP21, transparency on these risks and opportunities is now perceived as a discipline that must be shared by all economic players, including financial actors. How can financial regulators and supervisors contribute to the transition of the economy towards a low carbon model? What is the role of climate-related risks and opportunities in the strategy of major players in finance?
- Round table 2: A new deal between finance and the real economy
Beyond an integration of climate-related issues within the strategy and business of financial institutions, climate change creates new demands between the financial sector and economic players. Investors and asset managers are increasingly engaging with companies in order to take climate change into account in their business strategies and models. Conversely, companies wish to be accompanied in their low carbon strategies and projects. The growth of green financial products and services has been unprecedented in recent years, but they often remain niche products and services. This round table will highlight innovative best practices to accelerate and scale up this type of funding.
- Round table 3: Renewal of public-private cooperation
The economics of low-carbon technologies continue to improve. However, their deployment remains hampered by barriers, risks and costs that limit their access to financing. To accelerate the low-carbon transition, new public-private cooperation is developing. This cooperation depends on political support and on the strategic use of public policies and finance to mobilize private money more effectively. This round table will highlight the most promising initiatives to deliver public priorities, support the market and address the challenges of adaptation to and mitigation of climate change.
I CARE & CONSULT will soon comment on decisions made and lessons learned about the event.