On 25th October 2016 in Copenhagen, the European Environment Agency and I4CE – Institute for Climate Economics hosted an expert meeting convening experts on the tracking of domestic financial flows dedicated to climate action in Europe.
The expert meeting brought together government representatives, research centers and civil society actors, with the aim of establishing how an improved understanding of climate-related investment and financial flows can support the achievement of climate objectives at national, European and global levels.
Key messages from the expert meeting included:
- Systematic tracking of domestic climate investment and related financing flows, also called climate finance “landscapes”, is a powerful process for supporting the development, enforcement and strengthening of national climate and energy policy, contributing to the transition towards to a low-carbon and climate-resilient economy.
- The transition to a low-carbon and climate-resilient economy requires an unprecedented redirection of social and economic activities, and thus also investment and related finance to address the challenges posed by climate change. To that end, the Paris Agreement sets the objective to “make all financial flows consistent with a pathway towards low-emissions, climate-resilient development”.
- Aligning financial flows with EU and national objectives – expressed in Nationally Determined Contributions, Low-Carbon Development Strategies, Integrated National Energy and Climate Plans and National Adaptation Plans – will be key for a smooth and cost-effective transition towards a low carbon, climate resilient and competitive economy.
- Shifting and scaling up financial flows to meet national climate and energy objectives require an improved knowledge base as well as policy and project assessment tools for shifting domestic investment patterns and to engage financial and economic actors.
- Complement other policy assessment tools (macro-economic modelling of alternative investment scenarios, cost-benefit analysis, cost-effectiveness analysis, etc.) as well as project assessment tools (return on investment analysis, financial sustainability analysis, financial risks analysis, project performance indicators, environmental impact indicators, external costs of projects, cost-benefit analysis, etc.).
A summary brief has been co-authored by the EEA and I4CE and is available below.
Find out more about Landscapes of Domestic Climate Finance
- Report on climate finance in Germany (CPI, 2011)
- Reports on climate finance in France (I4CE, 2014, 2015 and 2016)
- Report on climate finance in Belgium (Federal Climate Change Service, Trinomics, EY, 2016)
Project Manager - Finance, Investment and Climate
Hadrien Hainaut is the current project manager of the Landscape of climate finance. He works on the collection and treatment of public data on energy and climate investments in France. His research provides the French public and private finance sector with an integrated approach to the tools and intermediaries of low-carbon capital formation. Prior to I4CE, Hadrien operated as a consultant on energy and climate policies at Futur Facteur 4 (Pierre Radanne) and I Care Environment. He developed and implemented innovative modelling tools to support the public debate on long-term energy policy planning in France. Hadrien holds a master degree in Environment, sustainable development and risk management from the Paris School of International Affairs (Sciences-Po).
- Tel: +33 6 48 83 44 52
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.
- Tel: +33 6 48 31 75 50