Climate Finance Day is critical to learn from global leaders and raise ambition so we shift the trillions: Nick Robins, UNEP Inquiry

Reading time: 6 minutes
18 May 2015

LONDON: Ahead of his appearance at Climate Finance Day during Climate Week Paris this week, we hosted a Twitter Q&A with Nick Robins, CO-Director of UNEP Inquiry - for the third of our live discussions with business leaders who are speaking at events in Paris.

UNEP (United Nations Environment Programme) Inquiry into the Design of a Sustainable Financial System, is a two-year initiative that aims to advance policy options that align finance with sustainable development. We kicked off the conversation by focusing on how this initiative can help support green regulations and climate finance:

Finance must play a big role to build a strong, low carbon economy. A recent report from the New Climate Institute and Climate Action Network proves economies that go 100% renewable could save US$520 billion a year, but more investments are needed to avoid late and costly actions. So, what are climate finance priorities to help spur the clean revolution?

Climate Week Paris will convene political leaders, forward-thinking businesses and members of civil society to highlight the benefits of the low carbon pathway.

However, while investments are crucial to support research and development of new technologies and deploy it, there is still some uncertainty from the financial world about low carbon finance.

Policies are fundamental to support the growth of the low carbon economy, but it can be difficult to draw a line between supporting a strategy and imposing it:

“INDCs should be seen not as climate actions lists, but instead as strategic investment plans for low carbon growth,” our CEO Mark Kenber wrote in our last Insight Briefing. Nations that will be able to have a bold, clear prospective about low carbon policies will be the one that will attract more investment. But who will win this race? Nick Robins highlighted some interesting climate finance innovations from around the world.


Our final Q&A is with Philippe Zaouati, CEO, Mirova, who will answer your questions about responsible investment, on Tuesday May 19. Ask questions using hashtag #CWParis at 10am London/11am Paris/5am New York time.

Last week we hosted Abyd Karmali, Managing Director, Climate Finance at Bank of America Merrill Lynch and John Danilovich, Secretary General of the International Chamber of Commerce.

Climate Week Paris takes place from May 18-24, 2015. See the full calendar of events including further Twitter Q&As, by visiting ClimateWeekParis.org

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