The Austrian World Summit on June 20, 2017 will bring together leading politicians, businesses, civil society & NGOs, start-ups, representatives of regions and cities as well as scientists and experts to develop and discuss solutions to important future issues. This forum will offer an international network platform to accelerate the realization of sustainable projects and to showcase successful factors of best practice projects in consideration of the UN Sustainable Development Goals.
CPI’s Executive Director of Climate Finance, Barbara Buchner will be speaking on the panel: How climate projects attract financing to accelerate the implementation of the Paris Agreement
20 May, 16:00 – 16:50
One specific aim of the Paris Agreement is “making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development.” This is a clear signal for business and governments to speed up their efforts towards decarbonisation. In 2016, investment in renewable energies was twice the amount of that in fossil fuel generation. At the same time, clean technology costs continue to fall. Nevertheless, for achieving a complete transition towards de-carbonizing economies a big financing gap is still evident. What incentives would it need for companies to more assertively move away from fossil fuels? Is the financial sector up for the task? Are innovative finance mechanisms needed to stimulate climate-relevant investments or do we have the tools required already at hand and need to encourage a more efficient and frequent use?
Moderation: Barbara Buchner, Executive Director, Climate Policy Initiative
Mahama Kappiah, Director, ECOWAS Centre for Renewable Energy and Energy Efficiency (ECREEE)
Terry Tamminen, CEO, Leonardo DiCaprio Foundation
Willibald Cernko, CRO, Erste Group Bank AG
Patrick Scheurle, CEO, Blue Orchard
Renat Heuberger, CEO, South Pole Group
Martin Hiller, Director General, REEEP