Description
The climate challenge demands determined action and significant investment far beyond current levels. Investing in climate mitigation and resilience will support the recovery from the COVID-19 crisis and lay the foundation for a sustainable future.
Project Syndicate, the European Investment Bank and the European Commission are organising an event on 24 March at 14:00 CET, called ‘Investing in Climate Action: The Make-or-Break Decade’.
This virtual session will outline the instruments that are already in place and can be deployed to support the global decarbonisation effort. The key task is to determine how public and private investment mechanisms can be used to achieve a just transition to a ‘net-zero’ emissions economy, both in the European Union and around the world.
The event is divided into three sessions as follows:
Session one – Getting our hands green: Climate action for the critical decade With the EU and many others preparing or having already submitted updated emissions-reduction targets as outlined in the Paris Agreement, there is no shortage of ambitious climate commitments on the table. The question now is how to make climate action a reality through concrete policies, and without leaving anyone behind. Are current approaches to regulation, taxation, investment, and other forms of policymaking sufficient, or are more robust and innovative strategies needed?
Session two – A new ‘green boom’: Revolutionising sustainable investment One key aspect to the global fight against climate change will be a revolution in finance to align market incentives and public funding with sectoral and global net-zero targets. With the financial industry already moving in a greener direction, what can governments, investment banks, and multilateral organizations do to accelerate this necessary re-orientation and make the most of the new opportunities on offer?
Session three – Climate action goes global: Toward a greener multilateralism After years roaming the wilderness, international cooperation is taking root once again. While the United States is now constructively re-engaging with the rest of the world, Europeans have started to unite behind a shared climate agenda, and both have recognised climate as not just an environmental, but also a geopolitical issue. What forms will – and should – international climate engagement and diplomacy take in the years ahead?
You can find the full agenda and registration form here.