16:00 Panel 4: How climate projects attract financing? Accelerate the implementation of the Paris Agreement.
One specific aim of the Paris Agreement is “making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development.” This is a clear signal for business and governments to speed up their efforts towards decarbonisation. In 2016, investment in renewable energies was twice the amount of that in fossil fuel generation. At the same time, clean technology costs continue to fall. Nevertheless, for achieving a complete transition towards de-carbonizing economies a big financing gap is still evident. What incentives would it need for companies to more assertively move away from fossil fuels? Is the financial sector up for the task? Are innovative finance mechanisms needed to stimulate climate-relevant investments or do we have the tools required already at hand and need to encourage a more efficient and frequent use?
Moderation: Barbara Buchner, Executive Director, Climate Policy Initiative
Willibald Cernko, CRO, Erste Group Bank AG
Renat Heuberger, CEO, South Pole Group
Martin Hiller, Director General, REEEP
Mahama Kappiah, Director, ECOWAS Centre for Renewable Energy and Energy Efficiency (ECREEE)
Patrick Scheurle, CEO, Blue Orchard
Terry Tamminen, CEO, Leonardo DiCaprio Foundation
+ Intervention by Andrea Hagmann, Member of the Executive Board , Development Bank of Austria (OeEB)
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