The finance we need for the future we want

Name: The finance we need for the future we want
Start: 2021-11-03
End: 2021-11-03
Location: United Kingdom of Great Britain and Northern Ireland

3 November 2021

Glasgow, United Kingdom of Great Britain and Northern Ireland

Overview

Agenda

A talk with financial actors leading the transformation towards climate neutrality and a sustainable economy in the LAC region.

Date and time: November 3, 14:00 -15:15 hours (Glasgow time)

Language: Spanish and English with simultaneous translation

Watch the recorded session.

Financial actors play a key role in closing the investment gap to achieve low-emission, climate-resilient economies. As a response, they have increasingly taken actions to integrate climate change and broader sustainability concerns into their investment decisions and portfolio allocations. However, there is still a lack of understanding about what is a green investment and how to assess and disclose climate-related financial risks.

This event will host a dialogue with actors from the public sector, financial regulators, and private financial sector to answer some of these questions:

What is the role of the public and development finance for mobilizing private finance towards climate neutrality and sustainable economies?
How public-private dialogues can be paramount to improve the flow of money towards financing a green economy transition - case of the EU?
Which initiatives across the financial sector exist in the LAC region, leading the Paris Agreement alignment?
How financial regulators and financial entities are assessing and disclosing climate-related financial risks?

The session can also be watched at the EUROCLIMA+ website.

14:00 - 14:05: Opening remarks

H.E. Andrea Meza Murillo, Minister of Environment and Energy of Costa Rica, President of the Forum of Ministers of Environment of LAC (in person).
H.E. Carolina Schmidt, Minister of Environment, Chile (in person).

14:05 14:15: Climate-related risks in the LAC financial system: What are the main challenges and opportunities? A perspective from the UNEP FI TCFD Banking Pilot Project.

Remco Fischer, Climate Change Lead, UNEP FI (virtually).

14:15 - 14:35: Panel discussion: How the financial sector and policymakers can take immediate action against climate-related risks? Moderated by: María Eugenia Sosa Taborda, LAC Regional Coordinator, UNEP FI.

Roberto Vernaza de la Cruz, Advisor, Direction of Programming and Investment, Ministry of Economy and Finance, Republic of Panama (virtually).
Mariuz Calvet, Director of Sustainability and Responsible Investment, Banorte (virtually).
Marcelo Pasquini, Head of Capital Management, Markets Finance, Managerial Accounting, and Corporate Sustainability, BRADESCO (in person).

14:35- 14:55: Panel discussion: What is green or environmentally sustainable? And what is not? The role of sustainable finance taxonomies in the market. Moderated by: Mercedes G. Fariña, Climate Finance Programme Management Officer, UNEP, LAC Office.

Joaquín Guajardo, Advisor, Ministry of Finance, Republic of Chile (virtually).
Mariana Escobar Uribe, Advisor, Financial Superintendency of Colombia (virtually).

14:55 - 15:05: Q&A: with the audience. Moderated by: David Carlin, TCFD and Climate Risk Program Lead, UNEP FI (virtually).

15:05 - 15:15 Call for action: closure. Gustavo Máñez, Climate Change Coordinator, UNEP, LAC Office (virtually).

Did you know?

If oceans were a country, they would be the seventh largest economy in the world.

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