As the energy transition gains momentum, businesses and financial institutions are beginning to adapt to the low-carbon future.
But this future needs major investment. In fact it needs €379bn of investment, every year from 2021, just to reach the EU’s 2030 climate and energy strategy targets. Multiple financing challenges lie ahead, and investors need accurate and up-to-date information to help them to anticipate and overcome the obstacles to achieve a return on investment in the transition towards a lower carbon economy.
The G20 industry led Task Force on Climate-Related Financial Disclosures (TCFD), set up by the Financial Stability Board, plays an important role in convincing companies to increase voluntary, decision-useful and reliable climate-related financial risk disclosures. Transparency of financial data will help investors navigate the challenges of climate change by reducing uncertainty among themselves and encourage better decision-making on where to allocate their capital.
- How are companies profiling climate change in their risk and financial portfolio and what is the financial sectors’ role in reducing these risks presented by the energy transition and climate-related events?
- How do we ensure the consistent transparency of the financial markets as part of a market-based solution to climate change?
- How can industry and governments collaborate to demonstrate the competitive advantage and value of managing climate change risks through financial disclosure?
- What actions can policymakers promote to encourage decarbonisation and a speed the transition to a low-carbon economy?
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To learn about an energy supplier adopting a low-carbon strategy for 2030, read Statoil’s Climate Roadmap.
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17.00 – 17.30 Welcome of participants
17.30 – 18.45 Café Crossfire debate
18.45 – 19.15 End of debate and networking cocktail