2014 Investor Summit
Tackling climate change and transitioning to clean energy are the greatest economic challenges and opportunities of the 21st century.
On Wednesday, January 15, 2014, more than 500 global financial leaders gathered at the United Nations to discuss the growing urgency of climate change and investor actions that are needed to mitigate escalating economic risks.
Part 1 of the Summit:
Part 2 of the Summit:
Summit Press Conference:
The all-day gathering included key players in the climate debate, including:
- Christiana Figueres, UN Framework Convention on Climate Change
- Tom Steyer, Farallon Capital Management
- Nick Robins, HSBC
- Robert E. Rubin, former Secretary of the U.S. Treasury
- Richard Trumka, AFL-CIO
- Timothy E. Wirth, UN Foundation
Click here to view the agenda and complete list of speakers.
Unlocking the Low-Carbon Economy
At the 2014 Investor Summit on Climate Risk, investors:
- Explored the latest climate science trends and their implications for investment portfolios;
- Learned about innovations in financing mechanisms for scaling climate and energy solutions, including energy efficiency, clean technology, and green infrastructure investment;
- Discussed the financial community’s role in supporting strong, comprehensive climate and energy policies domestically and internationally; and
- Identified actionable opportunities to invest profitably in climate and clean energy solutions.
Climate Risk & Energy Opportunities
As atmospheric CO2 concentrations reach 400 ppm and extreme weather events proliferate, climate change is posing growing risks to economies and investments.
In 2010, governments agreed to reduce emissions enough to hold the increase in global temperatures below 2 degrees Celsius. To achieve this goal, $36 trillion in global investment in clean energy will be required by 2050, according to a 2012 International Energy Agency report. This means the world needs to invest an average of $1 trillion per year in clean energy for the next 36 years to avoid climate catastrophe.
Bloomberg New Energy Finance reported that global investment in clean energy in 2012 was $281 billion – far short of what is needed. There is a massive clean energy investment gap. Closing it will require action from investors, businesses, policymakers, and others.
ABOUT THE INVESTOR SUMMIT
The biennial Investor Summit on Climate Risk is the preeminent forum for leading global investors to discuss the implications of climate change for capital markets and their portfolios. The first event, held in 2003, launched the Investor Network on Climate Risk and catapulted the term “climate risk” into the international spotlight.