Charting a roadmap towards deep decarbonisation: Aligning the financial system with net-zero emissions

Veranstaltungsart
Virtual Discussion

Ort/Datum
Online, 26.04.2022

Veranstalter

German Development Institute / Deutsches Institut für Entwicklungspolitik (DIE); Centre for Sustainable Finance, SOAS University of London; Grantham Research Institute on Climate Change and the Environment, London School of Economics and Political Science


Finance is critical to achieving deep decarbonisation by 2050. Article 2.i.c of the 2015 Paris Agreement sets out the goal of “making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development”. Across the financial system, banks and investors need not only to analyse and mitigate physical and transition risks, they also need to align their portfolios with net-zero. Investment in and lending to carbon-intensive activities need to be rapidly phased out, while investment in new, low-carbon infrastructure – especially in the energy and transport sectors –, the retrofitting of the existing building stock, sustainable land use, and the development and deployment of low carbon technology needs to be scaled up. This will not happen by itself. Monetary and financial authorities need to set the framework conditions that will ensure that banks and financial markets integrate climate in all decision-making processes. Prudential supervisors should make net-zero a core element of supervisory practice at micro and macro levels, aligning supervisory expectations and prudential instruments with net-zero (Dikau, Robins, Volz 2021). Financial policymakers need to consider strategies for supporting a just transition to net-zero, harnessing the capacity of public as well as private financial institutions and of new financial technologies (Robins and Rydge, 2019; Robins et al., 2020; Volz et al., 2020). Last but not least, policies need to be devised to scale up international climate finance to support adaptation and a just transition in developing and emerging economies.

Agenda

Which actions should central banks and financial supervisors take to align financial flows with climate goals and support a scaling up of investment in the low-carbon economy?

  • Irene Monasterolo, EDHEC Business School and EDHEC-Risk Institute

 

What policies are needed to boost climate finance?

  • Barbara Buchner, Climate Policy Initiative (CPI)

 

What is the role of public financial institutions in accelerating the low-carbon transition?

 

How can the financial sector contribute to a just transition?

  • Nick Robins, Grantham Research Institute on Climate Change & the Environment, London School of Economics (LSE)

 

What is the role of FinTech in facilitating investment in the net-zero transition?

  • Marianne Haahr, Green Digital Finance Alliance (GDFA)

 

Moderator

  • Ulrich Volz, SOAS - University of London and German Development Institute / Deutsches Institut für Entwicklungspolitik (DIE)

Hinweis / Please note

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During our events photos and/or videos may be taken which may be published in various media for the purposes of documentation and PR activities. You have the right at any time to point out to the photographer or videographer that you do not want to be photographed or filmed.

Veranstaltungsinformation

Datum / Uhr
26.04.2022 / 14:00 - 16:30

Ort

Online

Contact

Photo: Tilman Altenburg

Tilman Altenburg

 

E-mail Tilman.Altenburg@die-gdi.de
Phone +49 (0)228 94927-182

Registration

Please register here

Programme

Series of online discussions

Charting a roadmap towards deep decarbonisation

Dates

Online discussion 1
Carbon pricing and complementary incentives
22 March, 14.00 – 16.30

Online discussion 2
Low carbon technology solutions and transitions
7 April, 14.00 – 16.30

Online discussion 3
Aligning the financial system with net-zero emissions
26 April, 14.00 – 16.30

Online discussion 4
Decarbonising lifestyles, scaling up behavioural innovations
6 May, 14.00 – 16.30

Online discussion 5
Integrating the levers (closed workshop)
End of May 2022, 14.00 – 16.30