Events

Climate-related risks to the financial system have risen sharply in recent years. Growing regional policy uncertainty, geopolitical tensions, and economic instability increase the likelihood of a delayed transition – or, in the worst case, no transition. Financial supervisors have repeatedly warned that these scenarios pose the most significant risks to banks and the overall stability of the banking system.

The carbon farming summit gather experts, economic actors, and decision makers to share knowledge and experiences about the carbon farming. It aims at upscaling solutions and enabling the multiplication of climate actions across the EU in the land-based sectors.     Dates : 4th to 6th march  Location : Dublin    was involved in 3 sessions of […]

Some Public Development Banks – particularly the largest multilateral development banks (MDBs) – have committed to making all of their operations aligned with the Paris Agreement, including financial intermediation. There are few existing pieces of knowledge around the impact of financial intermediation on Paris alignment of intermediaries, and even less so on its contribution to […]

Ensuring that the reformed financial architecture adequately responds to differentiated needs requires that countries play a central role in the identification of these needs and the implementation of the response provided. By adopting a country perspective (i.e. based on the experience of African countries), this side-event has shed light on the key considerations that the […]

The 5th Finance in Common Summit (FiCS) in Cape Town was the opportunity once more to to discuss how public development banks can align all their activities with the Sustainable Development Goals, the Paris Agreement, and the Global Biodiversity Framework. Though the central role of public development banks in driving the sustainability agenda is acknowledged […]

The transition to climate neutrality has become a central objective for EU policy-making. Targets and policies to achieve it have been advanced and accelerated over the past 4 years. Despite the crises faced since 2020, the EU is making the shift from incremental changes and refinements to the transformative policies needed for a net-zero emissions future – seeking to become more resilient and competitive through a successful transition. The move to clean energy and new technologies is being spurred on in other parts of the world, with ac like the USA and China actively financing the transition. Partners around the world are watching EU policy developments closely – which increasingly have international implications (#CBAM). With the implementation of the Paris Agreement moving forward, new contributions are expected in financial and policy terms. The next legislative cycle needs to take crucial decisions on how to move EU policy forward in this context.

Update on EU progress to climate neutrality: towards a more competitive and secure Europe. This year’s EU-wide progress report, the second of its kind by the European Climate Neutrality Observatory (ECNO), comes at a political juncture, being published shortly after the 2024 EU elections. While the composition of the EU’s legislative body will undoubtedly change, we expect that most representatives in the European Parliament will still agree on the necessity of the transition as envisioned in the Green Deal - not just for the sake of emission reductions, but also to guarantee Europe’s international competitiveness and its political autonomy. 

The window of opportunity to remain below 1.5°C is rapidly closing. Public development banks (PDBs) need not only to increase the volume of climate finance, but also maximize the climate transformation achieved through their operations. Paris alignment commitments are crucial in this regard, but implementation requires continuous improvement and adjustments to adapt to an evolving context and real-world needs. The session will discuss best practices and shortcomings of existing approaches, drawing key directions for further progress towards a financial international architecture that sufficiently addresses our mounting climate crisis.

The European Green Deal has been a top priority for the European Union. Since 2019, EU institutions set ambitious targets, adopted bold carbon pricing reforms, and passed hotly debated legislation. The Green Deal’s success will be measured by its capacity to trigger structural changes in the EU economy, to deliver prosperity, resilience and social fairness while reducing greenhouse gas emissions. In practice, this means millions of companies, local authorities and families investing to renovate buildings, acquire heat pumps, buy electric cars, and modernise transport and power networks.

The Finance in Common Summit in September will be an opportunity to focus more specifically on the role of national public financial institutions in the new global financial architecture, which is currently being thoroughly discussed. National public financial institutions represent the largest amount of public development finance and account for 12% of global (public and private) investments. They will have an important role to play in locally financing the transition and contributing to shape demand, as infrastructure investors, private finance mobilisers and investment innovators. Additionally, they can influence local market practice and disseminate alignment practices. 

In 2022, a global consensus was reached on the need to reform the global financial architecture, considered no longer “fit for purpose”. While most discussions focus on how to reform development finance institutions (DFIs), too little attention is paid to the concrete needs of developing countries and what the transition to low-carbon and resilient economies means for them.  

In 2022, a global consensus was reached on the need to reform the global financial architecture, considered no longer “fit for purpose”. 2023 will be busy with many events organised to address different parts of the financial architecture reform agenda. The Spring Meetings of the World Bank and the International Monetary Fund represent the first key milestone in this agenda.

The Green Finance Research Advances is an International Research Conference for academics and professionals, co-organized by Banque de France and the Institut Louis Bachelier, with the participation of Finance for Tomorrow and the Institute for Climate Economics-I4CE.

La 6ème édition de la conférence annuelle “Green Finance Research Advances”, organisée par la Banque de France en partenariat avec l’Institut Louis Bachelier..

7 – 8 DECEMBER @ 9H00 – 17H00  Location: Auditorium ACPR Banque de France 23, rue de Londres, 75009 Paris, 75009 France   Co-organised by Banque de France and Institut Louis Bachelier.     Organisers: ILB Banque de France

The conference is the 4th edition of a yearly event co-organized by Institut Louis Bachelier and Banque de France, with the participation of Finance For Tomorrow and the Institute for Climate Economics -I4CE.

Financial actors are already exposed to the impacts of climate change on the real economy as illustrated by PG&E’s bankruptcy in early 2019. While financial institutions need to prepare for physical climate risks now, they face a lack of science-based information relevant for their decisions.

On the sidelines of the UN Climate Action Summit, I4CE as the Secretariat of the Climate Action in Financial Institutions Initiative is organizing an Expert Workshop on Paris Alignment in partnership with the International Development Finance Club (IDFC) and the group of Multilateral Development Banks (MDBs) with support from the European Climate Foundation (ECF).

The “State of the EU ETS” Report aims to provide an independent contribution to the policy debate, which is needed to ensure that the EU ETS is “fit for purpose”. This report discusses the current state of play in the EU ETS and the recent policy developments, analyses the efficiency of the system and includes a focus on the Market Stability Reserve (MSR) which started operating in January 2019.

On March 15th, 30 experts from governments, academia, think-tanks and public banks met in Berlin to lay the foundations for a new European network on climate finance. It intends to accelerate the tracking of climate and energy investments, and to improve the understanding of investments needs in order to support policy making at the EU level and in Member States.