Events

Climate Finance Day 2017

Climate Finance Day 2017 Acceleration ! 

 

In order to showcase solutions developed by the financial sector and accelerate commitments against climate change, the French Ministry for the Economy and FinanceParis EUROPLACE, with its initiatve Finance for Tomorrow are organising this new edition of Climate Finance Day on Monday, December 11, on the eve of the « One Planet Summit » , organized by the French President.

 

Climate Finance Day 2017 will bring together high-level representatives of the financial industry, regulation and supervision authorities, and central banks. It will showcase the most innovative initiatives aimed at accelerating the financing of the energy transition and adaptation to global warming. It will provide information on transparency and address risk management, financing solutions for the real economy and public-private partnerships. The most promising initiatives announced on Climate Finance Day will be highlighted during the “One Planet Summit” held the following day.

 

A full week of events in Paris

In addition to these two prestigious events, a series of side events dedicated to climate actions will take place throughout the week, attesting the strong momentum in the field of green and sustainable finance in Paris.

 

Climate Finance Day settles down in Paris

Held for the first time in May 2015, at UNESCO Headquarters in Paris, Climate Finance Day marked the launch of the financial sector’s campaign to tackle climate issues.

 

This movement, which culminated at the time of the COP21, has grown considerably since the adoption of the Paris Agreement. Today, a large number of banks, insurers and investors have adopted strategies to  decarbonize portfolios, invest in renewable energies and develop new green financing solutions.

 

In 2015, the first edition of Climate Finance Day entitled “How to shift the trillions?” concentrated on the re-direction of capital flows towards a low-carbon economy. The second edition, organized with Casablanca Finance City Authority for the COP22, aimed at moving to action, in particular in Africa. This third edition of Climate Finance Day will focus on accelerating mobilisation and ongoing commitments.

 

To boost the financial industry’s participation in the fight against climate change, Climate Finance Day will from now on bring the leading players in this international mobilisation together for an annual
event in Paris. 

11 Nov 2017

Climate Finance Day 2017

To learn more
  • 11/21/2025 Foreword of the week
    How to strengthen climate risk management and supervision to protect financial stability

    Climate change does not conform to business, political or supervisory regime cycles– its adverse long-term impacts lie beyond such horizons. Ten years ago, when Mark Carney highlighted this paradox in his landmark Tragedy of the Horizons speech, climate change was not considered a financial stability risk. Today, European supervisory stress tests estimate up to €638 billion in banking losses over 8 years, while the European Central Bank (ECB) reveals that over 90% of eurozone banks face climate and environmental risks. A key question arises: Is the supervisors’ primary focus on greening the financial system sufficient in the face of rising risks, especially stranded assets? 

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    The climate and development finance gap is large and widening, as Official Development Assistance (ODA) declines and needs multiply. With shrinking fiscal space in vulnerable countries, solidarity levies are gaining attention as a predictable source of international finance. Launched at COP28 by Barbados, France, and Kenya, the Global Solidarity Levies Task Force (GSLTF) is the main initiative in this space.

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    Bridging the Finance Gap: Leveraging National and Subnational Public Financial Institutions for Localised Climate and Development Action

    National Public Banks (NPBs) and Subnational Public Financial Institutions (SPFIs), including development banks and agencies as well as climate and green funds at the subnational level, play an increasingly vital role in financing climate action and the just transition. While national governments provide frameworks aligned with nationally determined contributions (NDCs), actual implementation occurs largely at the subnational level, which currently lacks sufficient funding. SPFIs can work as financial intermediaries, as they not only understand local needs and have stronger ties with local governments and businesses, but also access much larger volumes of capital from more diverse sources. 

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Press contact Amélie FRITZ Head of Communication and press relations Email
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