Date, time:
Wednesday November 3, 14:00 -15:15 hours (Glasgow time)
Organisers and contacts
Mercedes G. Fariña
Programme Management Officer for Climate Finance and Economic Resources
Climate Change Unit
Latin America and the Caribbean Office
UNEP
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Objective
Financial flows need to be consistent with a pathway towards low-emission and climate-resilient development to hold the increase in the global average temperature to below 2°C above pre-industrial levels and if possible 1.5°C. This event will connect the dots between public policies and private finance to underpin the transformations needed to align financial flows consistent with the Paris Agreement in LAC.
Specifically, this event will provide a dialogue with actors from the public sector, financial regulators, and private financial sector to showcase:
Description
Climate events are the greatest threat to development in LAC. Due to climate change (CC) impacts on countries’ economies and financial stability, financial actors are recognizing CC as a systemic risk. Furthermore, financial actors play a key role in closing the investment gap to achieve low-emission climate-resilient economies. This urgent need of redirecting investments has been accentuated by the COVID-19 pandemic.
Thus, financial actors have increasingly taken actions to integrate CC and broader sustainability concerns into their investment decisions and portfolio allocations. However, there is still a lack of understanding about what is a green investment and how to assess and disclosure climate-related financial risks.
This session will showcase:
Agenda of the event
|
Time |
Title |
Speakers |
|
14:00 14:02 |
Welcome | Andrew Scyner, EUROCLIMA + Program Manager, Regional Programs of Latin America and the Caribbean (Face-to-face) |
|
14:02 14:12 |
Opening remarks |
Inger Andersen, Executive Director, UNEP, H.E. Carolina Schmidt, Minister of Environment, Chile |
|
14:12 14:25 |
Keynote speaker: Climate-related risks in the LAC financial system: What are the main challenges and opportunities? A perspective from the UNEP FI TCFD Banking Pilot Project |
Remco Fisher, Director of Climate Change, UNEP FI |
|
14:25 14:47 |
Panel discussion: How the financial sector and policymakers can take immediate action against climate-related risks? Moderated by: María Eugenia Sosa Taborda, LAC Regional Coordinator, UNEP FI |
Roberto Bernanza, Deputy Director of investment programming, Ministry of Finance, Panama Gustavo Montezano, CEO, BNDES Marcelo Pasquini, Head of Capital Management, Markets Finance, Managerial Acct, and Corporate Sustainability, BRADESCO |
|
14:47 15:00 |
Panel discussion: What is green or environmentally sustainable? And what is not? The role of sustainable finance taxonomies in the market Moderated by: Mercedes G. Fariña, Climate Finance Programme Management Officer, UNEP, LAC Office |
Joaquin Guajardo, Advisor, Ministry of Finance, Chile Mariana Escobar Uribe, Financial Superintendency of Colombia Martin Špolc, Head of Unit Sustainable Finance, Directorate-General for Financial Stability, Financial Services and Capital Markets UnionEuropean Commission |
|
15:00 15:10 |
Q&A: with the audience |
Moderated by: Mercedes G. Fariña, Climate Finance Programme Management Officer, UNEP, LAC Office |
|
15:10 15:15 |
Call for action: closure |
Gustavo Máñez, Climate Change Coordinator, UNEP, LAC |
Team in charge of communication and attention to the press
Sofía Arocha
Communications and Knowledge Management Specialist
Climate Change Unit
Regional Office Latin America and the Caribbean
Information about the event on EUROCLIMA + social networks
|
The European Union - through an alliance of commitment and cooperation of the EUROCLIMA+ programme with 18 countries in Latin America and the Caribbean - will be facilitating the presentation of 43 events in total.
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