News

18 May 2017

150 experts will be discussing the public and private investments necessary to meet the Paris Agreements

Innovate4Climate addresses the major financing challenges of the fight against climate change

The first edition of Innovate4Climate Finance and Markets Week brings an unprecedented dialogue to Barcelona between representatives of the public and private sectors with the aim of galvanising the investments outlined in the Paris Agreements in 2015. Organised by Fira de Barcelona and the World Bank, with the collaboration of IETA and Climate Action, the event takes place from 22 to 25 May in the Barcelona Conference Centre. 
 
A potential investment of 23 trillion dollars. This is the figure it is calculated that the planet will need through to 2030 in order to move from an economy based on fossil fuels to one whose main cornerstone is renewable energy and sustainability. This calculation was made by the World Bank, which also estimates that in the next 15 years expenditure on infrastructures worldwide will exceed 90 trillion dollars. More than has ever been invested in the past. Most of these will be in developing countries. 
 
Activating these billion-dollar investments in the short term is the main objective of the first edition of Innovate4Climate, a global discussion forum at which government, business and financial leaders from all over the world will be putting a focus on how public-private collaboration can help to increase the necessary climate investment deriving from the Paris Agreements of 2015.  
 
According to the Senior Director for Climate Change at the World Bank, John Roome, ‘there are huge amounts of money available for climate action, but we need to work together, uniting the public and private sectors.' The director of the event for Fira de Barcelona, Delphine Romeu, contends that it is ‘essential to get companies and governments to commit to the fight against global warming.'  
 
Innovate4Climate will be attended by over 150 international speakers, 50 of whom will be taking part in the two-day summit entitled ‘Unlocking the trillions' which will be held on the last two days. The event will also feature a full programme of around 100 side events and an exhibition area with more than 30 exhibitors.
Notable names at the summit include Kristalina Georgieva, the CEO of the World Bank; Jean-Marc Duvoisin, the CEO of Nespresso; Michael Liebreich, the founder and CEO of Bloomberg New Energy Finance; and Bertrand Piccard, the CEO of Solar Impulse, who will be discussing how to promote private investment in the new green economy.
 
Georgieva will be speaking on the opportunities of investment in climate action; Duvoisin on innovative models of smart investment in emerging markets; Liebreich on the green transformation of conventional means of transport; and Bertrand Piccard will talk about his experience flying around the world on an aircraft supplied only by solar energy. 
 
Blockchain, aircraft and green investment funds
Innovate4Climate will also have around 100 side events including workshops, sessions and activities in the framework of a marketplace that will bring together around 30 companies. Alex Tapscott, the CEO of Northwest Passage Ventures and a blockchain expert, will be discussing how this technology, also used in bitcoins, will change the way we do business in the not-too-distant future. 
 
Meanwhile, Michael Schneider, the manager of Carbon Offset Development at IATA (the International Air Transport Association) will be proposing measures to reduce the pollution caused by the aeronautical sector. Jay Koh, the managing director of the first sustainable investment fund, The Lightsmith Group, with assets of over 10,000 million dollars, will be talking about the green financing options currently available.  
In the exhibition area of the event there will be more than 30 companies, from both the private sector, such as Gas Natural, Baker McKenzie, Code Redd, Fluidra and Itaipu Binacional, and the public sector, including the governments of Germany, Spain, South Korea, the European Union and Catalonia, amongst others.
 
A carbon neutral event
Innovate4Climate will preach by example and the emissions generated by the organisation of the event and participants' attendance will be offset in the form of high quality projects by the sustainable service company Lavola. 
 
The event is also joining the Waste to Zero initiative with the aim of reducing waste, saving resources and maximising sustainability. The event's programme and magazine will be in digital format only; meals will be served with compostable utensils; all surplus food will be donated to the NGO Nutrition Without Borders; and the carpets and rugs used will be 100% recyclable and reusable. These are just some of the measures to be implemented.
 
Barcelona, 18 May 2017 
Albert Sas
(+34) 932332378
asas@firabarcelona.com

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