Investing in People and Learning to Foster a Climate Resilient and Green Transition

Climate Finance and Commercial Banks @SB50

Summary

Meeting the financial requirements of a transformative 2030 Agenda for Sustainable Development and the Sustainable Development Goals (SDGs) converges with delivering on the Paris Agreement on Climate Change and the related Nationally Determined Contributions (NDCs). Many countries are undertaking analyses on how to align, renew, and modify their financing frameworks to meet the implementation requirements of their climate targets accordingly. Public finance for climate change is a very small fraction of the estimated needs to achieve Paris Agreement and Investments will need to be further scaled up, including the mobilization of domestic finance and private sector investments, to support the implementation of the climate change mitigation targets. The role of commercial banks towards this objective is extremely important.

Expert

Stefanos Fotiou is an accomplished and well renowned expert on environment and sustainable development and currently serving as the Director or the Environment and Development Division in the UN Economic and Social Commission for Asia-Pacific. In this capacity Stefanos is responsible for the planning and implementation of the UN ESCAP work on natural resources management, climate change, sustainable urban development and green economy. Prior to this Stefanos worked for 10 years in the UN Environment in various roles in the Economy Division and in the Asia-Pacific office. Throughout his 25 years professional career,  Stefanos has taken leading roles in international forums, had conceptualised and let the development of regional and national strategies on environment and sustainable development He holds a PhD in Natural Resource Economics, an Executive MSc in Information Systems and a Master Degree in Forestry and Natural Environment.

 

Resource

Climate Action

Save the Date!

Our Climate Classroom will take place on Friday 21 June at 11am at the World Conference Center Bonn, Plenary Building, Rhin Level.