Menu
FR
search
Events

COP26 Side event : Operationalizing Paris Alignment

COP26 IDFC Pavilion and online

 

Background and purpose of the event: Aligning financial flows with the Paris Agreement is becoming the new standard for the financial community, building on continuous commitments from Public Development Banks (PDBs) such as the International Development Finance Club (IDFC) and the group of Multilateral Development Banks (MDBs) in 2017, but also from private banks.

 

At the first edition of the Finance in Common Summit in 2020, PDBs committed to align with the Paris Agreement, enlarging the initial commitment taken by IDFC, MDBs and EDFIs. On the road to a full operationalization of this concept, this side event provided the opportunity to report on progress made so far, good practices, and remaining challenges. The Institute for Climate Economics (I4CE) and the NewClimate Institute presented heir framework for IDFC members to operationalize their commitments. In addition Germanwatch, NewClimate Institute and the World Resources Institute (WRI) presented an approach on aligning financial intermediaries with the Paris Agreement. This side event was also highlighted the contribution that PDBs presented during the second edition of the FiC Summit in October 2021 and how they intend to support successful outcomes at COP26.

 

Organizers: IDFC, in partnership with Germanwatch, I4CE, NewClimate Institute, WRI

 

Location: COP26 IDFC Pavilion – hybrid event enabling remote participation

 

Agenda :

 

  • Keynote speech, Paul Watkinson, Senior Adviser to the French Delegation (10 minutes)
  • Aligning with the Paris Agreement in practice: IDFC Operationalization Framework, Alice Pauthier, Project Manager, I4CE (15 minutes)
  • Aligning financial intermediaries with the Paris Agreement, Aki Kachi, Senior Climate Policy Analyst, NewClimate Institute (15 minutes)
  • Panel discussion: How are IDFC members operationalising Paris Alignment (35 minutes)
    • Moderator: Alexandra Goritz, Policy Advisor for Development Banks & Climate, Germanwatch
    • Alexis Bonnel, French Development Agency (AFD)
    • Bruno Aranha, Managing Director of the Socioenvironmental and Productive Sector Credit Division, Banco Nacional de Desenvolvimento Econômico e Social (BNDES)
    • Alexander von Kap-Herr, Senior Sector Economist Climate Change, Kreditanstalt für Wiederaufbau (KfW)
    • Nomsa Zondi, Climate Change Specialist at Development Bank of Southern Africa (DBSA)
  • Q&A with the room (10 minutes)
  • Conclusion (5 minutes)

 

11 Nov 2021

COP26 Side event : Operationalizing Paris Alignment

To learn more
  • 12/11/2024
    Leveraging the Prudential Toolkit for Effectively Managing Stranding Risks: A focus on the European Banking Industry

    As the European economy decarbonizes, economic assets across sectors are at risk of stranding or repricing from transition pressures. Yet private financial institutions, particularly banks, often narrowly focus on fossil fuel credit losses using historical data, underestimating broader ‘whole of economy’ stranding risks. Risk mitigation in the form of prudential capital buffers and loss provisions […]

  • 12/06/2024 Foreword of the week
    COP29 delegates have left Baku, but the financing challenge remains

    The COP29 in Baku was supposed to breathe new life into North-South climate cooperation through the negotiation of the new NCQG financing target. Instead, confrontational negotiations produced a half-hearted agreement, and the onerous task of charting a path to bridge the resource gap before the next COP.

  • 12/05/2024
    Thinking about the implications: How countries plan to finance their climate transition

    The urgency of climate action is becoming ever more apparent, yet we remain far from securing the level of financing required for meaningful progress. The first Global Stocktake underscored a widening gap between the needs of developing countries and the support they receive, while advanced economies also struggle to finance their own ambitious climate targets.

See all publications
Press contact Amélie FRITZ Head of Communication and press relations Email
Subscribe to our mailing list :
I register !
Subscribe to our newsletter
Once a week, receive all the information on climate economics
I register !
Fermer