Aligning with the Paris Agreement: what does it mean for the International Development Finance Club?
International Development Finance Club Pavilion
Saturday 7 December, 2-3:30 pm
The Paris Agreement has reframed climate action from a focus on the near-term incremental increase of adaptation and mitigation actions to emphasize the importance of the long-term transformation of economies and societies. Since COP21, an increasing number of public and private financial institutions have taken the commitment to “align” with the Paris Agreement. While there is still no concrete and common understanding of what alignment with the Paris Agreement is, initial frameworks released by financial institutions present guiding principles for their activities.
As such, Climate Policy Initiative (CPI) and the Institute for Climate Economics (I4CE) were mandated by the International Development Finance Club (IDFC) and the European Climate Foundation (ECF) to develop a framework that captures the implications of the Paris Agreement – both through the long-term goals and the process laid out to achieve them. As part of this project, I4CE has identified the three dimensions that financial institutions should take into account when considering the alignment of their activities. In turn, CPI has used the resulting framework to identify the changes the Paris Agreement implies for the role of Development Finance Institutions (DFI) – specifically, members of the IDFC – and how they may implement these changes through a targeted set of activities.
This side-event, organized by IDFC in partnership with I4CE, CPI and ECF aims to present and discuss key outcomes of the research project linking it with emerging approaches and practices of IDFC members to implement the recommendations made and align with the Paris Agreement.
- Introduction & Moderation: Richard Baron (European Climate Foundation)
- Keynote: Why Alignment Matters for the IDFC? IDFC Representation (TBC)
- Presentation of the Results of the Studies
- Ian Cochran (I4CE) – Alignment with the Paris Agreement: Why, What and How for Financial Institutions?
- Bella Tonkonogy (CPI) – Implementing Alignment: Recommendations for the International Development Finance Club
- Thoughts and Reflections from an IDFC Member: KFW – 10 minutes
- Panel Discussion: From theory to practice: practical steps that IDFC members and other DFIs can take to implement the recommendations
Representatives from IDFC members will discuss how they are moving from commitment to practice on Paris Alignment.
More about the Study:
Part 1 led by I4CE establishes a theoretical and conceptual basis for alignment, analyzing and describing the emerging interpretations of the definitions, principles, and approaches across the financial community, and building on the experience of the Climate Action in Financial Institutions Initiative.
Part 2 led by CPI identifies the changes the Paris Agreement implies for the role of Development Finance Institutions (DFI) – specifically, members of the IDFC – and how they may implement these changes, through a targeted set of activities.
- Charlotte Cristofari (AFD/IFC) – email@example.com
- Alice Pauthier (I4CE) – pauthier@I4CE.org
- Bella Tonkonogy (CPI) – Tonkonogy@cpiclimatefinance.org
Research fellow - Finance, Investment and Climate
Ian COCHRAN, Phd
Program Director - Financial Institutions
Ian Cochran is Program Director – Financial Institutions. He coordinates the public-interest think tank’s work on investment, climate and decision-making support. Ian has worked in the area of climate and environmental policy for close to a decade, focusing his expertise on the mainstreaming of climate-change related issues into decision making and institutional governance. He currently supports his team’s work on a broad range of investment-related issues, including the role of public financial institutions in the low-carbon transition; the environmental integrity of financial products; climate risk perception by financial actors; international and national climate-related financial flows; and the alignment of development finance and long-term climate change objectives.
Ian holds a PhD in economics from Université Paris-Dauphine (France), a Master of Public Affairs (MPA) from Sciences-Po Paris (France) and a BA in Policy Studies from the Syracuse University Maxwell School of Public Affairs (USA). Before joining I4CE, Ian worked at the Organization for Economic Cooperation and Development. In 2015 served as a co-reporter on the French Presidential Commission on Innovative Climate Finance “Mission Canfin-Grandjean.” Ian lectures in master-level programs at Sciences-Po Paris and Université Paris-Dauphine.
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