Breaking the climate-finance doom loop
Beginn 14:30 Uhr
Carbon Tracker and Finance Watch invite you to join us for a discussion on the risks linked to fossil fuel finance and the policy solutions available to address that risk.
The threat of climate change is disrupting the entire fossil fuel system, with profound consequences on financial stability and geopolitics. We are in a doom loop where fossil fuel finance enables climate change and climate change threatens financial stability. Policymakers and investors need to take into account rising fossil fuel risks through regulation and financial modelling.
The EU has at its disposal the prudential tools necessary to end this doom loop, and using them is only a question of political will. In the wake of the COVID-19 pandemic, governments and policy-makers should not miss the opportunity to make significant steps to tackle the link between finance and climate change if they want to avoid the disruption of our economies and societies that will accompany global warming.
The webinar will present Finance Watch’s latest report “Breaking the climate-finance doom loop”, and Carbon Tracker’s “Decline and Fall”, both of which explore the links between fossil fuel finance, climate change and global financial stability. This will be followed by a discussion moderated by Pilita Clark from the Financial Times.
Thierry Philipponnat, Head of Research and Advocacy, Finance Watch
Kingsmill Bond, Energy Strategist, Carbon Tracker
Nick Robins, Professor in Practise for Sustainable Finance, Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science
Moderator: Pilita Clark, Associate Editor and Business Columnist, FT