Sessions

2019 July 12 Friday

High-level Panel on Meeting the Commitments of the Paris Agreement (Open Event)

Salle D, ECCL

Background

Approved in December 2015 by the Parties of the United Nations Framework for Combating Climate Change (UNFCC) the Paris Agreement is the first comprehensive climate agreement that seeks to align the Parties’ efforts towards: 1.  limiting global temperature increases to well below 2 degrees Celsius, while pursuing efforts to limit the increase to 1.5 degrees; 2. promoting adaptation and mitigation actions; 3. supporting developing countries in building clean and climate-resilient futures, including through the Green Climate Fund (GCF); and 4. raising awareness through the promotion of climate change education, training, and public access to information.  

 

Under the Agreement, all Parties are required to submit Nationally Determined Contributions (NDCs) to regularly report on their emissions and implementation efforts. According to the OECD, USD 6.9 trillion of infrastructure investment will be needed each year until 2030 in order to meet the Sustainable Development Goals (SDGs) and the NDCs. However, current infrastructure spending is estimated at just USD 3.4-4.4 trillion . In addition, according to a study published by the G20 Green Finance Study Group investment in low-emission infrastructure amounts to less than 1% of the overall portfolios of institutional investors .

 

Engaging the private sector in the transition to sustainable infrastructure will play a vital role in achieving the commitments of the Paris Agreement. Multi-stakeholder coordinated action across government-sector and private-sector actors should take a transformative approach towards: 

•  Including long-term climate development objectives in infrastructure planning by encouraging the disclosure of climate-related risks and facilitating the establishment of standards. 

•  Resetting the financial system in line with long-term climate risks and create incentives in support of sustainable projects. 

•  Promoting bilateral and multilateral cooperation to support developing countries in leapfrogging towards climate resilient infrastructure. 

 

This event will be an opportunity to discuss best practices and explore actionable steps to support developed and developing countries in the transition towards climate infrastructure.

 

There will be the opportunity for the audience to ask questions during the session. We particularly look forward to hearing from private sector, CSOs, NGOs, students and young people.

 

Discussion Topics

  • Bilateral and multilateral cooperation models to support sustainable infrastructure
  • The importance of involving private climate finance and how best to do this
  • Best practices in climate finance for infrastructure development

 

Attendance

  • Moderated Panel Discussion (30 minutes) followed by Q&A from the audience (15 minutes)

 

Speakers

Jan Corfee-Morlot

Senior Advisor, New Climate Economy

Dr. Jan Corfee-Morlot is Senior Advisor to the New Climate Economy (NCE) project, which is based at World Resources Institute in Washington DC. She is also founder of 3Cs, a consulting company based in Paris.  Jan spearheaded the author teams of NCE's 2016 and 2018 global reports and now leads NCE Africa initiatives. Jan spent most of her career with the Organisation for Economic Co-operation and Development, leading policy-relevant research and advising governments on climate change and development. Previously she was an IPCC lead author and held positions with the International Energy Agency in Paris, and PG&E Co and state and local governments in the US.  Jan has a PhD in geography from University College London, as well as degrees from MIT and Haas at UC Berkeley.


Odile Renaud-Basso

Director General of the Treasury, Ministry of Economy and Finances

 

Odile RENAUD-BASSO has been General Director of the French Treasury since June 2016. An Auditor at the National Court of Accounts from 1990 to 1994, she joined the Treasury Department before being appointed in 2005 as Director of the European Commission’s DG ECFIN. She became Deputy Chief of Staff to the President of the European Council in 2010; then served as Deputy Chief of Staff to France’s Prime Minister in 2012, before becoming the Deputy Director General of the Caisse des Dépôts, Special Director for Savings Funds, in 2013. She is a Sciences-Po Paris and ENA graduate.


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Moderator

Nicholas Stern

International Advisory Panel member, AIIB

 

Lord Stern is the IG Patel Professor of Economics and Government, Chairman of the Grantham Research Institute on Climate Change and the Environment and Head of the India Observatory at the London School of Economics. He was President of the Royal Economic Society (2018-19) and President of the British Academy (2013- 2017). He was elected Fellow of the Royal Society (June 2014). He has held academic appointments in the UK at Oxford, Warwick, the LSE and abroad at the Massachusetts Institute of Technology, the Ecole Polytechnique and the Collège de France in Paris, the Indian Statistical Institute in Bangalore and Delhi, and the People╩╝s University of China in Beijing. He was Chief Economist of the European Bank for Reconstruction and Development 1994-1999, and Chief Economist and Senior Vice President at the World Bank, 2000-2003.  MIT Press, 2015. He was knighted in 2004, made a cross-bench life peer in 2007 and appointed Companion of Honour in 2017 for services to economics, international relations and tackling climate change.  . 

 

Lord Stern was Second Permanent Secretary to Her Majesty’s Treasury from 2003-2005; Director of Policy and Research for the Prime Minister’s Commission for Africa from 2004-2005; Head of the Stern Review on the Economics of Climate Change, published in 2006; and Head of the Government Economic Service from 2003-2007. 

 

He has published more than 15 books and 100 articles.  His most recent book is “Why Are We Waiting? The Logic, Urgency and Promise of Tackling Climate Change” (MIT Press, 2015).  His next book “How Lives Change. Palanpur, India and Development Economics” (with Himanshu, JNU, and Peter Lanjouw, Free University of Amsterdam) published by Oxford University Press in 2018.