The biggest challenges in the international process in the climate negotiations in 2018 and the EU’s actions to deal with them were discussed on the second day of the informal meeting of EU environment ministers in Sofia.
Today, in the context of the European Union’s High Level Conference on Sustainable Finance, and three months after the One Planet Summit in Paris, further progress of the Global Urbis partnership and two new calls to cities and financial investors were announced.
The Economist Events’ Sustainability Summit 2018 will take place on March 22nd 2018 in London and will convene business leaders, policymakers, scientists, researchers, advocates and investors to gauge the scale of the task and work out how best to lead and encourage co-operation on the path to progress.
On 22 March, Commissioner for Climate Action and Energy Miguel Arias Cañete will deliver a keynote speech at the 2018 Sustainability Summit in London, setting out the urgent need to reorient global capital flows towards sustainable investment and how European financial players can capitalise on the massive investment opportunities presented by the Paris Agreement on climate change
USD 1.4 billion of new clean energy investment across Africa will be supported by a new investment insurance initiative launched by Munich Re, the African Trade Insurance Agency (ATI) and the European Investment Bank (EIB). The Africa Energy Guarantee Facility (AEGF) will provide the first dedicated reinsurance for sustainable energy projects across Africa.
EIB Vice-President Ambroise Fayolle today announced that the European Investment Bank (EIB) – the world’s largest multilateral financier of climate-related investment – would provide USD 100 million to strengthen sustainable investment in emerging markets through green bonds.