Programme

 

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What’s happening at the Climate Innovation Summit?

The Climate Innovation Summit 2018 programme is intended to make space for truly fresh perspectives on sustainable finance, while leveraging the innovation capacity of EIT Climate-KIC’s 300-plus partners from across the private and public sectors. Here are some of the highlights: The opening day of the Climate Innovation Summit will explore where finance is in relation to meeting the ambitions of the Paris Agreement – standards and labels, fiduciary duty, risk management, disclosure, credit ratings – and where it needs to get to, reconsidering those involved in the finance and innovation cycles. At the helm of day 2 will be keynote speaker Dennis Pamlin, Senior Advisor to The Research Institute of Sweden (RISE) whose plan, together with EIT Climate-KIC, is to develop an “avoided emissions” investor framework that can rapidly identify and scale up 1.5C-compatible solutions by directing public and private capital into them. Day three of the Climate Innovation Summit will see Maroš Šefčovič, Vice-President, European Commission, a major player in Europe’s position as a global climate leader, set out his vision for mission innovation, and a session entitled ‘Funding the Tough Stuff’ will explore blended finance on the ground, through the experience of European Cities and Regions in transitions.

Tuesday 6th November

13:30 - Welcome, Registration, Networking and Refreshments

14:00 - Opening by Kirsten Dunlop, CEO of Climate-KIC, and Stephen Nolan, CEO of Sustainable Nation Ireland

14:15 - Keynote: Mariana Mazzucato, value creation and mission-oriented innovation

Getting to the heart of wealth – where it comes from, how it’s extracted, the activities that create or destroy it – are key to a financial system that can address wicked problems like climate change, public health or ageing demographics. Inclusivity, sustainability and smart growth can be achieved by steering investment, research and innovation towards bold and measurable targets, such as those outlined in the Paris Agreement or Sustainable Development Goals.

Leading economist, professor at University College London, author and policy advisor, Mariana Mazzucato, will pose a new, entrepreneurial role for government -- an ‘investor of first resort’ -- moving beyond fixing market failures towards one of actively co-shaping and co-creating new markets. Mazzucato will get to the core of questions around wealth and value, challenging prevailing thinking, evidencing examples, and drawing on international experiences and lessons from financial institutions willing to provide strategic long-term finance.

14:45 - The policy and finance conditions needed to meet climate ambition and sustainable finance ambition

If we are falling short of the pace of change required to maintain temperatures below 1.5 C, what policy and investment opportunities are needed for more radical action to catalyse transformative, sustainable finance? Delivering on urgent climate goals means a systemic shift of trillions of dollars towards low-emission and resilient investment. But this can only happen with the right conditions – institutional capacity, enabling environment or investor incentives. This ‘rewiring the rules of the game’ will help will shift finance and ensure that capital is increasingly willing and able to invest over the longer timeframes needed for transformational sustainable investment projects seeking finance.EIT Climate-KIC advisor to the EU Sustainable Finance Technical Expert Group, Sandrine Dixson-Decleve, will moderate a lively discussion between panellists from across the institutional, policy and business space to explore current and future policy commitments and financial system activity.

  • Molly Scott-Cato, MEP
  • Nancy Saich, Chief Climate Change Advisor, EIB
  • Mariana Mazzucato, UCL Professor, Founder of Institute for Innovation & Public Purpose
  • Vicki Plater, Director Growth and Public Services, NZ Treasury
  • Sasja Beslik, Head of Group Sustainable Finance, Nordea

Climate Innovation Summit - Programme

Tuesday 6th November

13:30 - 14:00 Welcome, Registration, Networking and Refreshments

14:00 - 14:10 Opening by Kirsten Dunlop, CEO of Climate-KIC

14:10 - 14:35 Keynote: The Direction of Economic Growth: a mission oriented approach, by Prof. Mariana Mazzucato, UCL Professor and Director of the Institute for Innovation and Public Purpose

The direction of innovation is just as important as its rate. Societal challenges can help steer this ‘directionality’ so that innovation outcomes lead to more inclusive and sustainable growth. Concrete targets—missions-- to tackle societal challenges, such as those expressed in the Sustainable Development Goals, can help steer innovation. Mission oriented innovation requires different sectors (from transport, to nutrition and digital), different actors (public, private, third sector), and different disciplines to invest—and the use of policy levers to inspire multiple bottom up solutions. Technological, organisational and institutional innovations are key in this process.

Professor Mariana Mazzucato, UCL Professor and Director of the Institute for Innovation and Public Purpose, will discuss the role for governments in stepping up to the role of the ‘investor of first resort’ and moving beyond fixing market failures towards one of actively co-shaping and co-creating new landscapes. She will clarify how this can be done—focussing on the green missions— with examples of what works, what does not drawing on international experiences and lessons from financial institutions willing to provide strategic long-term finance.

14:40 - 15:50 The policy and finance conditions needed to meet climate ambition and sustainable finance ambition

If we are falling short of the pace of change required to maintain temperatures below 1.5 C, what policy and investment opportunities are needed for more radical action to catalyse transformative, sustainable finance? Delivering on urgent climate goals means a systemic shift of trillions of dollars towards low-emission and resilient investment. But this can only happen with the right conditions – institutional capacity, enabling environment or investor incentives. This ‘rewiring the rules of the game’ will help will shift finance and ensure that capital is increasingly willing and able to invest over the longer timeframes needed for transformational sustainable investment projects seeking finance.

Sandrine Dixson-Decleve, EIT Climate-KIC advisor, EIT Climate-KIC representative to the EU Technical Expert Group on Taxonomy and Co-President of the Club of Rome, will moderate a lively discussion between panellists from across the institutional, policy and business space to explore current and future policy commitments and financial system activity.

 

  • Molly Scott-Cato, MEP
  • Martin Spolc, Head of the CMU Unit
  • Nancy Saich, Chief Climate Change Advisor, EIB
  • Mariana Mazzucato, UCL Professor, Founder of Institute for Innovation & Public Purpose
  • Vicki Plater, Director Growth and Public Services, NZ Treasury
  • Sasja Beslik, Head of Group Sustainable Finance, Nordea

15:50 - 16.15 Coffee Break

16:15 - 17:30 Breakout Sessions
TCFD Masterclass

In the wake of the Taskforce for Climate Related Financial Disclosure recommendations, investors and companies are increasingly aware of their obligations to disclose climate risks. An important part of this disclosure includes understanding scenario analysis, as well as risk reporting. Two Climate KIC partners, ISS Ethix and CDP, will present this Masterclass in scenario analysis and risk reporting with the outcomes to: the concept of scenario analysis, the drivers behind the current focus (TCFD, EC Action Plan, etc.) and its value for financial institutions; the different approaches to scenario analysis currently offered in the market; approaches on how investors would / could use existing solutions; the newly developed TCFD-aligned sector questionnaires, which contribute to TCFD-aligned disclosure.

Speakers:

  • Tony Rooke, Technical Director, CDP
  • Friedrik Lundin, Associate Vice-President, ISS Institutional Shareholder Services
Start-up funding: challenges from various perspectives

Securing finance, the terms, the risks and the type of support as a start-up is often a determining factor in whether or not climate-related starts-ups are successful.

Naomi Naidoo Community Manager, Finance Innovation Lab will be joined by the EIT Climate-KIC Alumni Association, exploring the incubator, policy and investor perspectives. Each alumnus, working on topics including women in finance and impact investment, will pitch their projects in this context.

Speakers:

  • Naomi Naidoo, community manager, Finance Innovation Lab
  • Adnan Sabir, EIT Climate-KIC Alumni Association
  • Leeor Groen, EIT Climate-KIC Alumni Association
Scope 3 Masterclass by GoldStandard

Most of the largest companies in the world now account and report on the emissions from their direct operations, Scopes 1 and 2, but there is still a gap in accounting on emissions along the value chain. These often represent a company’s biggest greenhouse gas impacts, which means companies have been missing out on significant opportunities for improvement.

Building of the success of a later stage innovation project, EIT Climate KIC partner, Gold Standard will present a framework for how Scope 3 emissions should be accounted for and the wider benefits that can be claimed, with the aim to take these skills and knowledge back to their respective organisations and be able to assess whether and how to apply for their own businesses

Speakers
• Owen Hewlett, Chief Technical Officer, Gold Standard

17:30 - 18:15 The Great Debate: Can self-reporting ever be effective for investors?

Self-reported climate-related financial data can often be incomplete, and is not always comparable due to inconsistency and a lack of transparency in some areas. But, to make the best decisions, investors require reliable, consistent, comparable and complete data. The Great Debate, a traditional Oxford-style debate, brings together experts and academics to pose the pros and cons of self-reporting, asking the question, can it ever be truly effective for investors?

Panelists:

  • Andreas Hoepner, Professor of Operational Risk, Banking & Finance at University College Dublin (UCD)
  • Isabelle Laurent, Deputy Treasurer and Head of Funding, EBRD
  • Jakob Thoma, Managing Director, 2dii
  • Manuel Coslier, Equity Portfolio Manager, MIROVA
  • Hanna Waltsgott, Responsible Investment Analyst, Kempen Capital Management
  • Thomas O’Neill, Research Director, Influence Map
  • Professor Michael Mainelli, Director, Z/Yen

18:20 - 18:30 Closing Remarks by Stephen Nolan, CEO of Sustainable Nation Ireland

18:30 - 20:00 Welcome reception, hosted by Pat Cox, former President, European Parliament

Wednesday 7th November

9:00 - 10:00 Welcome, Registration, Networking and Refreshments

10:00 - 10:10 Opening remarks

10:10 - 11:00 Dennis Pamlin and Andrew Parry: Investing in the tomorrow we want, today

Where should investors should be putting their money to make a real impact when it comes to climate change? Shifting the investment perspective from risk to opportunity can create an unexpected leverage point that just might have the answer.

Dennis Pamlin is Senior Advisor to The Research Institute of Sweden (RI.SE) and is a pivotal figure in Mission Innovation (MI), a global initiative including the EU and 23 other countries with the aim of accelerating clean energy innovation. Together with Andrew Parry, Head of Sustainable Investing at Hermes Investment Management, Pamlin will introduce the MI ‘avoided emissions framework’, and set out how it plans to rapidly identify and scale up a selection of investor-appealing 1.5C-compatible solutions with public and private capital.

Discussion will be opened up to the audience, facilitated by EIT Climate-KIC advisor to the EU Sustainable Finance Technical Expert Group Sandrine Dixson-Declève.

  • Dennis Pamlin, Senior Advisor, Research Institutes Sweden (RISE)
  • Andrew Parry, Head of Sustainable Investment, Hermes Investment Management
  • Moderator: Sandrine Dixson-Declève, EIT Climate-KIC Advisor to the EU Sustainable Finance Technical Expert Group, Co-President, Club of Rome
11:00 - 12:15 Breakout Sessions
The risks of getting to net-zero by 2030

Climate change is already starting to impact the level of physical climate risks our communities face today. Risks like flood, wildfire and hurricane are changing under the influence of climate change, and society needs to become better at making risk-informed decisions. The session will start with an exposé by Cameron Hepburn, Professor of Environmental Economics at the University of Oxford and Director of the Smith School of Enterprise and the Environment, who will set out the legal and financial risk in getting to net-zero by 2030.

John Quinlan, CEO of Aviva Ireland, will follow, laying out the views on risk from the insurance industry, paving the way for a participatory plenary game, where your financial decisions will have physical climate, legal and reputational risks.

The climate risk game is specially designed for EIT Climate-KIC by the Red Cross & Red Crescent Climate Centre.

Speakers:

  • Cameron Hepburn, Professor of Environmental Economics, University of Oxford and Director of the Smith School of Enterprise and the Environment
  • John Quinlan, CEO, Aviva Ireland
The Finance Incubator

The Finance Incubator is a collaboration between EIT Climate-KIC, Convergence and ICFA, that aims to enable early stage ideas on financial vehicles to overcome specific barriers. In this first pilot, live at the Climate Innovation Summit, seven start-ups will pitch for seed funding. The pilot marks a formal cooperation between EIT Climate KIC and other finance accelerators.

The Start-ups:

  • Gudd Green Fund
  • Carbonsink
  • Windof Asset Management
  • Catalyst Off-grid Advisors with Venture Builders
  • NoCO2
  • SVX México and Regenerative Investments Consortium
  • Endless Energy

The Judges:

  • Sachin Vankalas Director of Operations & Sustainability, Luxemburg Finance Labelling Agency (LuxFLAG)
  • Trang Tran, Associate, Convergence
  • Laura Burke, Director General, Environmental Protection Agency (EPA) Ireland
12:15 - 13:30: Lunch
13:30 - 14:00 Keynote: Mission Finance and the UN Financial Centres for Sustainability – What does being a transformative green centre mean?

Mobilizing the world’s financial centres is essential for progress on climate change and sustainable development – and a growing number of financial centres are taking strategic action to seize this opportunity. Financial centres have a powerful clustering effect across different market segments and sectors, delivering benefits for financial institutions, clients, and the wider economy. As sustainable finance moves to the mainstream, this dynamic is now being mobilised for sustainable development and climate action.

The G7 backed UN Environment Financial Centres for Sustainability (FC4S) aims to accelerate this shift among financial centres, with the long-term vision of the FC4S Network for rapid global growth of green and sustainable finance across the world’s financial centres, supported by strengthened international connectivity, and a framework for common approaches.

The FC4S network is working to mobilise all 30 located financial centres in support of the European Commission’s Action Plan for Financing Sustainable Growth. This work will be carried out through the FC4S European network, formally launched by Paschal Donohoe, Irish minister for finance at this session of the annual Climate Innovation Summit.

Speakers:

  • Paschal Donohoe, Minister for Finance, Ireland
  • Nick Robins, co-chair of the UNEP Finance Initiative’s climate working group
14:00 - 15:00 Panel: Unlocking the Trillions

Three years ago, the nations of the world chose a more sustainable path for our planet and our economy, with the adoption of the Paris Agreement on climate change and the UN 2030 Agenda for Sustainable Development. Delivering on these goals will require trillions more euros be unlocked and put into low-emission and resilient investment and over longer timeframes, to assist the transformational sustainable investment projects seeking finance. This panel will bring together a range of experts from the private sector to discuss how this private investment can be unlocked, what their firms are doing in this area and how best to put future financial investments to work to meet the challenges of climate change.

Panelists:

  • Nick Robins, Co- Director, UN International Network of Financial Centres for Sustainability
  • Teresa O'Flynn, Global Head of BlackRock Real Assets Sustainable Investing
  • Pierre Ducret, Board member Finance for Tomorrow, Co-Chairman UN FC4S and Chairman I4CE
  • Antoni Ballabriga, Chairman, European Banking Federation Working Group on Sustainable Finance
  • Stephane Boujnah, CEO and Chairman of Euronext
  • Emil Stigsgaard Fuglsang, Co-founder & COO, Matter
  • Pierre Rousseau, Strategic advisor for Sustainable Business, BNP Paribas
15:00 - 15:30 Coffee Break
15:30 - 16:30 Breakout Sessions
Scaling Sustainable Infrastructure

This session seeks to explore how can we use standardisation to help mobilise private capital for sustainable infrastructure financing, and address why this is critical to ensure a functioning market place. It will allow participants to contribute to how we can best develop a set aligned of indicators that capture the sustainability of all key standards thereby, simplifying the decision process for investors. Moreover, it will seek to explore what implications this might have for developing future financing initiatives and mechanisms around large scale infrastructure projects.

This session will both aim to harmonise the standard landscape in the market, hence facilitating the investments in certified sustainable and resilient infrastructure projects and explore financing mechanisms for large scale infrastructure. Furthermore, the selection of those most relevant sustainability indicators will simplify the investment decision process in sustainable infrastructure. Both outcomes will contribute to unlocking the much-needed private capital to finance sustainable and resilient infrastructure projects.

  • Robin Haack, Senior Manager, Alpha FMC
  • Katharina Schneider-Roos, CEO, GIB Foundation
  • Sébastien Solielle, is Global Head of Energy Transition and Environment, BNP Paribas
  • Sachin Vankalas, Director of Sustainability, LuxFlag
Climate Adaptation Finance

The exchange session presents the financial aspects of climate adaptation at different scale levels and sectors, followed by an in-depth exploration of constraints and opportunities in adaptation finance, innovative financial products and leverages, and actions needed to further develop financially sustainable adaptation projects.

In this interactive session, a case study of a climate adaptation from Australia will be used to showcase the perspective of key actors in the system, resulting in a statement of outcomes for financing the adaptation project. Participants would then be guided through an ideation process where they map the responsibilities and possible financial flows between key actors to identify possible new ways of capturing value.

Speakers:

  • Christopher Lee, CEO, Climate-KIC Australia
  • Peter Head, Founder and Chair, Resilience Brokers
  • Monica Altamirano, Senior Financial Expert, Deltares
  • Svante Persson Senior Operations Specialist, Inter-American Development Bank
  • Saliha Dobardzic Senior Climate Change Specialist, Adaptation Fund
Africa and EU hubs FC4S exchange

The October 2018 Special Report of the Intergovernmental Panel on Climate Change (IPCC) sounds an alarm. To avoid dangerous interference in the global climate system, the report concludes, we must keep global warming due to the human-induced greenhouse effect to 1.5o C, the more stringent Paris target. To stay within this constraint and avoid catastrophic climate change, we must increase investment in sustainable infrastructure. And we must do so rapidly. The speed and scale of investment must match the speed and scale in the growth of risk. We must invest to build resilience in the communities exposed to the impacts of climate change.

Among European and African located financial centres, this panel discussion will discuss how best financial centres can support each other in the sharing of knowledge, lessons learnt and mobilising capital market participants in support of the sustainable finance agenda.

  • Lamia Merzouki, Deputy CEO Casablanca Finance Authority
  • Sabine Dobeli, CEO Swiss Sustainable Finance
  • Patricia C. Wycoco, Development Finance, World Bank
16:45 - 17:45 Breakout Sessions
Corporate entrepreneurship- unlocking rapid innovation and experimentation

This dynamic session will explore the interactions between start-ups and corporates, and the efforts of those carving out a space for risk-taking and rapid experimentation. Portfolio and ecosystems approaches are increasingly seeing groups of focused start-ups reinvigorate corporate models and help break through inertia.

Globally, as we are seeing an increase in the number of start-ups and in the investments they successfully obtain. According to Startup Hubs Europe, there are currently 829.000 start-ups companies across the main European start-ups hubs, with a total revenue of 426bn EUR, a total funding of 36 bn EUR, and employing together 4.45 million people. The start-up revolution shows no sign of ending. What are start-ups doing right, why are they so attractive for industries and investors, and how can we leverage the impact of, and interest in start-ups for wider-scale systemic innovation transformation?

This session will explore the exceedingly popularity of corporate entrepreneurship set-ups, whereby industries and entrepreneurs collaborate and co-develop, and new innovative models in which this is happing. The session will discuss what is level-playing field in which both start-up and corporates succeed and what is the base line for these collaborations leading to actual climate impact and large-scale innovation.

Speakers

  • Anna Laycock, Executive Director, Finance Innovation Lab
  • Peter Kragh Halling, Project Manager, E.ON Accelerator
  • Raphael Fellmer Co-founder and CEO, SirPLUS
  • Kilian Kaminski, Founder, Refurbed
  • John Atcheson, Founder and CEO, Stuffstr
Funding the Tough Stuff: Blended finance in the low-carbon transition in European Cities and Regions

Delivering the Paris commitments needs more investment in innovative solutions. These often involve challenging investment propositions with diverse stakeholders and longer-term investment perspectives. Building-stock retrofit, circular business models or implementing micro-grids are current examples and the future may be more complex.

Meanwhile, a common pattern exists in Europe. Cities and regions often see the instruments and programmes at EU, national and local level, but can’t apply them. Instrument ‘owners’ at the Commission, in capitals or within institutional investors are frustrated by low levels of uptake. While private finance prefers short-term or conservative investment. And philanthropic funding goes it alone. If this is holding back investment in current activities, future investment will be even more of a challenge. How can we break this cycle?

This session aims to explore the perspectives of these parties to encourage collaboration on ‘blended solutions’ to developing innovative innovation-focused funding for activities at city and region level.

  • Peter Berkowitz, Head of Unit for Smart and Sustainable Growth, DG REGIO
  • Terry McCallion, Director Energy Efficiency, EBRD
  • Jean Naslin, Executive Director, Head of Public Affairs, CaixaBank
  • Amanda Eichel, Executive Director for the Global Secretariat, Global Covenant of Mayors for Climate & Energy
  • Kate Levick, Director - Sustainable Finance, E3G
  • Prof. Andreas Papandreou, Department of Economics, National and Kapodistrian University of Athens
Climate-related Risk Tools and Methods for the Financial Industry

This pitch-style session will showcase three examples of climate-related risk tools and methods supported by Climate-KIC for use by the financial industry.

A consortium led by Aarhus University including Deltares, Tecnalia and CDP will showcase how large multinational corporations are discussing and assessing climate risks.

Carbon Delta will present their Value-at-Risk metric that is currently being used by asset managers to understand climate scenarios and the absolute value of investment risks and opportunities. Climate VaR was launched in 2018; the public online tool will be launched in early 2019.

South Pole will showcase its scenario-based portfolio climate risk assessment tool, allowing full integration of climate risks into long-term asset allocation and benchmarking across investment portfolios.

The discussion will summarise and workshop the key topics to be addressed in order to make climate risk assessment more relevant for decision making, risk management, and disclosure.

Panelists:

  • Oliver Marchand, CEO Carbon Delta
  • Nico Kröner, Product Development Manager, South Pole Group
  • Hans Sanderson, Senior Scientist, Aarhus University
  • Moderator: Peter Cripps, Environmental Finance

18:00 - 18:30: Closing remarks and announcement of the winners of the Finance Incubator competition

20:00 - Gala dinner, Mansion House
  • Speaker: Sean Cleary, Chairman, Strategic Concepts
  • Followed by entertainment with Evolution, Today FM DJ Claire Beck and Aisling Ennis on electric harp.

Thursday 8th November

8:30 - 9:00 Welcome, Registration, Networking and Refreshments

9:00 - 10:00 Keynote: Breakthrough Energy, Mission Innovation and Sustainable Finance, Maroš Šefčovič, Vice-President for Energy Union, European Commission

The European Union is a global leader in climate and cleantech. Leveraging this leadership, particularly by fostering innovation, can accelerate climate action. But achieving ‘breakthrough’ requires new thinking and approaches -- from funding to enabling environments.

Together with Andrew McDowell, Vice-President, European Investment Bank, Maroš Šefčovič, Vice-President, European Commission will discuss the European vision and leadership for breakthrough innovation, and how to this in to practice. They will be joined by EIT Climate-KIC-supported Lumo, a crowdfunding renewables start-up recently acquired by Société Générale for discussion moderated by Sandrine Dixson-Declève, EIT Climate-KIC Advisor to the EU Sustainable Finance Technical Expert Group, Co-President, Club of Rome.

Speakers:

  • Maroš Šefčovič, Vice-President of Energy Union, European Commission
  • Andrew McDowell, Vice-President, European Investment Bank
  • Alex Raguet, Co-founder and President, Lumo

10:00 - 10:30 Coffee Break

10:30 - 11:00 Keynote: Exponential change and the urgency of transformation, Kirsten Dunlop, CEO, EIT Climate-KIC

With just 12 years to avert catastrophic climate change, according to the world’s leading climate scientists, an unprecedented scale and pace of change across our financial, urban, land use and material systems lies ahead. Kirsten Dunlop, CEO, EIT Climate-KIC will set out her vision for systems innovation, provoking a rethink of how we approach innovation.

11:00 - 11:45 Breakout Sessions
Landscape Finance "Dolphin Tank" Session

Healthy, thriving and biodiverse landscapes are vital to ensuring that the world stays within a well below 2C pathway. The past several decades have seen dramatic growth in landscape initiatives focused on biodiversity conservation, regenerative agriculture, climate change adaptation and mitigation, clean waters, restoration of degraded lands and sustainable forest, coastal and wetlands management, and resilience, through diverse communities of practice, but these need to be more joined-up, systematic and significant in size to address the global scale of current challenges. Many face critical gaps in leadership, capital and institutional capacity.

Though there are vast new pools of financial capital available for investment in sustainable landscapes, only a fraction reaches the land sector, and even less for inclusive green economy models. Landscape initiatives , meanwhile, are struggling to find ways to access this financial capital that are aligned with their regenerative visions. In financial parlance, they are failing to generate investable deals for these funds. The need for systemic transformation has been highlighted by most key players in the area.

How can investors and landscape players start experimenting and testing systemic approaches in the field? The session will take a pragmatic approach, based on a real landscape example, to understand what the opportunities and challenges in landscape finance are. Through a ´dolphin tank´ style presentation focused on the particular Fiji landscape, we will co-create an even stronger proposed business case.

  • Paul Chatterton, WWF – Founder of the Landscape Finance Lab
  • Marion Verles, CEO, Gold Standard
  • Jodi Smith, Partner of The Earth Care Agency (Fiji Landscape)
  • Johnny Brom, Chief Investment Officer, SailVentures
  • Florian Meister, Managing Director, Finance in Motion
  • Renat Heuberger, CEO, South Pole
Invest on Impact: Scalable, citizen-centered business solutions

We need new easily available, cost effective low carbon solutions and services that improve the quality of lives but it is only when businesses and cities empower citizens to make the right choices that things really change. Putting citizen’s challenges and needs first can lead to better functioning cities.

This is the focus of the Smart & Clean model in Helsinki. Through concrete examples in housing, mobility and food sector from innovative companies and fearless thought leaders, this session will explain how cities, businesses, scholars and citizens make the change in a Public Private Partnership for People.

  • Tiina Kähö, Executive Director, Helsinki Metropolitan Smart & Clean Foundation
  • Paul Nyberg, CEO of Shareit.global
  • Michael Lavi, CEO, Wanderfeel
  • Mika Eskola, Director of Strategic Alliances, Ramirent Finland Ltd
  • Moderator: Eetu Helminen, Senior Advisor, Chief Disruption Officer, Smart & Clean Foundation
City Finance Lab

Cities are key to tackling climate change but climate mitigation and adaptation projects at the city-level still struggle to attract sufficient investments. The City Finance Lab was founded to support the development of well-designed and innovative financing solutions that can remove existing barriers for such investments, aiming to increase investments into low-carbon and climate-resilient urban projects.
By attending this session, you will discover the broad range of financing solutions available to cities and the available room for innovation in a field that is still adapting. You will directly experience the opportunities that innovative financing solutions offer and how expert support can alleviate barriers to financing the urban transition through a live case study. By contributing to a collective and targeted brainstorming around the set-up of the City Finance Lab, you will directly contribute to an improved governance, scope and focus of the City Finance Lab and reflect on the current approach.

Panelists:

  • Hans-Peter Egler, Director of Public Affairs, South Pole
  • Denis Jorisch, Senior Consultant, South Pole
  • Victor Gancel, Programme Manager, Low Carbon City Lab
  • Catlyne Haddaoui, Research Analyst, Coalition for Urban Transitions
12:00 - 13:00 Breakout Sessions
Blockchain and Climate Finance

All Sustainable Development Goals have in common that they need available capital to be realized. Current estimates of the United Nations Conference on Trade and Development (UNCATD) achieving the Sustainable Development Goals (SDGs) will cost between US5 to US7 trillion, which leaves a significant financing gap until 2030. At the same time a recent report by the Business & Sustainable Development Commission estimates that achieving the SDGs could open up US12 trillion of market opportunity and 380 million new jobs by 2030.

So, why is it so difficult to finance deep decarbonization initiatives and SDGs related initiatives, if the market potential is so extraordinary?
The SDGs challenge current economic models with regards to putting spotlight on two key questions: (1) How will the world collectively come together and agree on a new economical paradigm that holistically accounts for ecological-, social- and economic value and (2) how will the costs for ecological- and human externalities be shared amongst all. In fact, current economic models are not able to give answers to these questions.

Distributed Ledger Technology (DLT), also referred to as “Blockchain”, has the potential to be such a disruptive solution. While climate change is a truly global problem, it is well recognized that it requires a decentralized, multi-stakeholder, bottom-up approach to be solved, along with an open and transnational platform of existing (carbon markets, taxes, pricing) and evolving climate action instruments (Nationally Determined Contributions). Furthermore, the approach needs to allow for a high level of measurement, reporting, and verification (MRV) and enforce high levels of trust and transparency. DLT is a candidate technology that optimally aligns with these requirements. What are the barriers for mass-adoption of DLT and associated technologies for transforming Climate Finance at scale to accelerate Climate Action? The session will have the focus on how to translate the theory into practice.

Moderator:

  • Harald Rauter, Regional Innovation Lead DACH Climate-KIC

Panellists:

  • Bjoern Fischer, CEO EcoKraft
  • James Close, Director of Climate Change Worldbank and Chair of the Advisory Board of the Blockchain and Climate Institute
  • Jochen Biedermann, CEO of Blockchain Asia and Coordinator of the SDG Fintech Initiative Frankfurt
  • Cecilia Repinski, Managing Director of Stockholm Green Digital Finance
Green Bonds for Cities Masterclass

The Green Bonds for Cities (GBC) Masterclass presents cities’ role in driving the green bond market and the key challenges and opportunities in raising green bond finance. Through case studies and the latest market and policy developments, this interactive Masterclass presents an overview of green bond for cities issuance, disclosure and impact, models for raising green bonds, and treasurers’ experiences. The GBC Masterclass is an opportunity to learn best practices around raising finance for low-carbon and climate-resilient urban infrastructure, green bond impact reporting as well as the benefits of increased transparency and efforts of creating comparability and common taxonomies in the context of European cities and financial centres.

Panelists:

  • Diletta Giuliani, Climate Bonds Initiative (CBI)
  • Björn Bergstrand, Kommuninvest
  • Hanna Värttö, South Pole
  • Lisa Wong, Affirmative Investment Management (AIM)
Tomorrow that we build today

Visioning the world we need to build is critical to taking action on climate change. This Wold Café style session invites a group of hosts to tell the story of a 2050 decarbonised world, how people live, work, travel, what products they buy and services they use. A modern, environmentally friendly, safe and fast-developing vision emerges, to which each group will add and bring colour and detail before coming back together to hear – and see- the full story.

13:00 - 13:20 Closing Remarks: Anders Wijkmann, Chair of the Governing Board, EIT Climate-KIC

13:30 - 14:30 Lunch and networking

13:30 - 17:00 - Networking lunch and working groups

Working Groups:

  • Landscape Finance
  • City Finance Lab
  • Adaptation Finance

*Draft Programme May be Subject to Change

16:15 - TCFD Masterclass

In the wake of the Taskforce for Climate Related Financial Disclosure recommendations, investors and companies are increasingly aware of their obligations to disclose climate risks. An important part of this disclosure includes understanding scenario analysis, as well as risk reporting. Two Climate KIC partners, ISS Ethix and CDP, will present this Masterclass in scenario analysis and risk reporting with the outcomes to: the concept of scenario analysis, the drivers behind the current focus (TCFD, EC Action Plan, etc.) and its value for financial institutions; the different approaches to scenario analysis currently offered in the market; approaches on how investors would / could use existing solutions; the newly developed TCFD-aligned sector questionnaires, which contribute to TCFD-aligned disclosure.

Speakers:

  • Tony Rooke, Technical Director, CDP
  • Friedrik Lundin, Associate Vice-President
16:15 - Changes that are costly to ignore - pitch and exchange session

Together with the Climate-KIC Alumni Association, through an interactive ‘pitch and exchange’ session, panelists will discuss how to break through society’s tendencies for climate denial and bring more attention to climate action. Each alumnus, with projects on topics such as women in finance and impact investment, will pitch their projects for four minutes, focusing on solutions to address climate problems.

Speakers:

  • Anna Laycock, executive director of the Finance Innovation Lab
  • Adnan Sabir, EIT Climate-KIC Alumni Association
  • Leeor Groen, EIT Climate-KIC Alumni Association
16:15 - Scope 3 Masterclass by GoldStandard

In this Masterclass hosted by GoldStandard the audience will gain a greater understanding of the role of Scope 3 emissions reduction interventions in their supply chains.

Building of the success of a later stage innovation project, Owen Hewlett, Chief Technical Officer of Gold Standard, will present a framework for how Scope 3 emissions should be accounted for and the wider benefits that can be claimed, with the aim to take these skills and knowledge back to their respective organisations and be able to assess whether and how to apply for their own businesses.

17:130 - The Great Debate: Can self-reporting ever be effective for investors?

Self-reported climate-related financial data can often be incomplete, and is not always comparable due to inconsistency and a lack of transparency in some areas. But, to make the best decisions, investors require reliable, consistent, comparable and complete data. The Great Debate, a traditional Oxford-style debate, brings together experts and academics to pose the pros and cons of self-reporting, asking the question, can it ever be truly effective for investors?

Panelists:

  • Andreas Hoepner, University College Dublin
  • Isabelle Laurent, EBRD
  • Tony Rooke, technical director, CDP
  • Jakob Thoma, 2dii
  • Manuel Coslier, MIROVA
  • Hanna Waltsgott, responsible investment analyst, Kempen Capital Management
  • Moderator: Michael Mainelli, Z/Yen

18:20 - Closing Remarks

18:30 - Welcome reception, hosted by former European Parliament president Pat Cox

 

Wednesday 7th November

9:00 - Welcome, Registration, Networking and Refreshments

10:00 - Dennis Pamlin and Andrew Parry: Investing in the tomorrow we want, today

Where should investors should be putting their money to make a real impact when it comes to climate change? Shifting the investment perspective from risk to opportunity can create an unexpected leverage point that just might have the answer.

Dennis Pamlin is Senior Advisor to The Research Institute of Sweden (RI.SE) and is a pivotal figure in Mission Innovation (MI), a global initiative including the EU and 23 other countries with the aim of accelerating clean energy innovation. Together with Andrew Parry, Head of Sustainable Investing at Hermes Investment Management, Pamlin will introduce the MI ‘avoided emissions framework’, and set out how it plans to rapidly identify and scale up a selection of investor-appealing 1.5C-compatible solutions with public and private capital.

Discussion will be opened up to the audience, facilitated by EIT Climate-KIC advisor to the EU Sustainable Finance Technical Expert Group Sandrine Dixson-Declève.

11:00 - The financial and legal risks of getting to net-zero by 2030

Climate change is already starting to impact the level of physical climate risks our communities face today. Risks like flood, wildfire and hurricane are changing under the influence of climate change, and society needs to become better at making risk-informed decisions.

The session will start with an exposé by Cameron Hepburn, Professor of Environmental Economics at the University of Oxford and Director of the Smith School of Enterprise and the Environment, who will expose the financial risk in getting to net-zero by 2030. 

John Quinlan, CEO of Aviva Ireland, will set out the views on risk from the insurance industry and pave the way for a plenary game, specially designed for EIT Climate-KIC by the Red Cross & Red Crescent Climate Centre.

11:00 - EIT Climate-KIC finance incubator competition

EIT Climate-KIC start-ups have 10 minutes each to convince high-powered investors that their business idea will fly.

The Start-ups:

  • The Fair Fashion Center – NoCO2
  • Catalyst Off-Grid Advisors – Venture Builder
  • SVX Mexico – Regenerative Investments Portfolio
  • Gudd Green Fund
  • Carbonsink
  • Windof Asset Management
  • Endless-Energy

The Judges:

  • Sachin Vankalas Director of Operations & Sustainability, Luxemburg Finance Labelling Agency (LuxFLAG)
  • Trang Tran Associate, Convergence
  • Laura Burke, Director General, Environmental Protection Agency (EPA) Ireland
13:30 - Keynote: Mission Finance and the UN Financial Centres for Sustainability – What does being a transformative green centre mean?

Mobilizing the world’s financial centres is essential for progress on climate change and sustainable development – and a growing number of financial centres are taking strategic action to seize this opportunity. Financial centres have a powerful clustering effect across different market segments and sectors, delivering benefits for financial institutions, clients, and the wider economy. As sustainable finance moves to the mainstream, this dynamic is now being mobilised for sustainable development and climate action.

The G7 backed UN Environment Financial Centres for Sustainability (FC4S) aims to accelerate this shift among financial centres, with the long-term vision of the FC4S Network for rapid global growth of green and sustainable finance across the world’s financial centres, supported by strengthened international connectivity, and a framework for common approaches.

The FC4S network is working to mobilise all 30 located financial centres in support of the European Commission’s Action Plan for Financing Sustainable Growth. This work will be carried out through the FC4S European network, formally launched by Paschal Donohoe, Irish minister for finance at this session of the annual Climate Innovation Summit.

Speakers:

  • Paschal Donohoe, Minister for Finance, Ireland
  • Nick Robins, co-chair of the UNEP Finance Initiative’s climate working group
14:00 - Panel: Unlocking the Trillions

Three years ago, the nations of the world chose a more sustainable path for our planet and our economy, with the adoption of the Paris Agreement on climate change and the UN 2030 Agenda for Sustainable Development. Delivering on these goals will require trillions more euros be unlocked and put into low-emission and resilient investment and over longer timeframes, to assist the transformational sustainable investment projects seeking finance. This panel will bring together a range of experts from the private sector to discuss how this private investment can be unlocked, what their firms are doing in this area and how best to put future financial investments to work to meet the challenges of climate change.

Panelists:

  • Pascal Donohoe Minister for Finance, Ireland
  • Nick Robins, Co- Director, UN International Network of Financial Centres for Sustainability
  • Teresa O'Flynn, Global Head of BlackRock Real Assets Sustainable Investing
  • Furio Pietribiasi, Managing Director of Mediolanum Asset Management
  • Stephane Boujnah, CEO and Chairman of Euronext
  • Niels Fibaek, Penstable
  • Pierre Rousseau, Strategic advisor for Sustainable Business, BNP Paribas
15:30 - How to design a large-scale infrastructure financing instrument

This session aims to explore how can we use standardisation to help mobilise private capital for sustainable infrastructure financing, and address why this is critical to ensure a functioning market place. It will allow participants to contribute to how we can best develop a set aligned of indicators that capture the sustainability of all key standards thereby, simplifying the decision process for investors. Moreover, it will seek to explore what implications this might have for developing future financing initiatives and mechanisms around large scale infrastructure projects.

This session will both aim to harmonise the standard landscape in the market, hence facilitating the investments in certified sustainable and resilient infrastructure projects and explore financing mechanisms for large scale infrastructure. Furthermore, the selection of those most relevant sustainability indicators will simplify the investment decision process in sustainable infrastructure. Both outcomes will contribute to unlocking the much-needed private capital to finance sustainable and resilient infrastructure projects.

  • Katharina Schneider-Roos, CEO, GIB Foundation
  • Pablo Nunez - Sustainable Infrastructure Financial Expert
  • Sebastien Soleille, Global Head of Energy Transition and Environement at BNP Paribas
16:45 - Corporate entrepreneurship- unlocking rapid innovation and experimentation

This dynamic session will explore the interactions between start-ups and corporates, and the efforts of those carving out a space for risk-taking and rapid experimentation. Portfolio and ecosystems approaches are increasingly seeing groups of focused start-ups reinvigorate corporate models and help break through inertia.

Globally, as we are seeing an increase in the number of start-ups and in the investments they successfully obtain. According to Startup Hubs Europe, there are currently 829.000 start-ups companies across the main European start-ups hubs, with a total revenue of 426bn EUR, a total funding of 36 bn EUR, and employing together 4.45 million people. The start-up revolution shows no sign of ending. What are start-ups doing right, why are they so attractive for industries and investors, and how can we leverage the impact of, and interest in start-ups for wider-scale systemic innovation transformation?

This session will explore the exceedingly popularity of corporate entrepreneurship set-ups, whereby industries and entrepreneurs collaborate and co-develop, and new innovative models in which this is happing. The session will discuss what is level-playing field in which both start-up and corporates succeed and what is the base line for these collaborations leading to actual climate impact and large-scale innovation.

Speakers

  • Graham Smith of HSBC (TBC)
  • Peter Kragh Halling, Project manager, E.ON Accelerator
  • Raphael Fellmer Co-founder and CEO, SirPLUS
  • Kilian Kaminski, Founder, Refurbed
  • John Atcheson, Founder and CEO, Stuffstr
  • Moderator: Susannah McClintock, Sustainable ventures (TBC)
15:30 - Adaptation Finance

The exchange session presents the financial aspects of climate adaptation at different scale levels and sectors, followed by an in-depth exploration of constraints and opportunities in adaptation finance, innovative financial products and leverages, and actions needed to further develop financially sustainable adaptation projects.

In this interactive session, a case study of a climate adaptation from Australia will be used to showcase the perspective of key actors in the system, resulting in a statement of outcomes for financing the adaptation project. Participants would then be guided through an ideation process where they map the responsibilities and possible financial flows between key actors to identify possible new ways of capturing value.

Speakers:

  • Christopher Lee, CEO, Climate-KIC Australia
  • Peter Head, founder and chair, Resilience Brokers
16:45 - Funding the Tough Stuff: Blended finance in the low-carbon transition in European Cities and Regions

Delivering the Paris commitments needs more investment in innovative solutions. These often involve challenging investment propositions with diverse stakeholders and longer-term investment perspectives. Building-stock retrofit, circular business models or implementing micro-grids are current examples and the future may be more complex.

Meanwhile, a common pattern exists in Europe. Cities and regions often see the instruments and programmes at EU, national and local level, but can’t apply them. Instrument ‘owners’ at the Commission, in capitals or within institutional investors are frustrated by low levels of uptake. While private finance prefers short-term or conservative investment. And philanthropic funding goes it alone. If this is holding back investment in current activities, future investment will be even more of a challenge. How can we break this cycle?

This session aims to explore the perspectives of these parties to encourage collaboration on ‘blended solutions’ to developing innovative innovation-focused funding for activities at city and region level.

15:30 - Africa and EU hubs FC4S exchange

The October 2018 Special Report of the Intergovernmental Panel on Climate Change (IPCC) sounds an alarm. To avoid dangerous interference in the global climate system, the report concludes, we must keep global warming due to the human-induced greenhouse effect to 1.5o C, the more stringent Paris target. To stay within this constraint and avoid catastrophic climate change, we must increase investment in sustainable infrastructure. And we must do so rapidly. The speed and scale of investment must match the speed and scale in the growth of risk. We must invest to build resilience in the communities exposed to the impacts of climate change.

Among European and African located financial centres, this panel discussion will discuss how best financial centres can support each other in the sharing of knowledge, lessons learnt and mobilising capital market participants in support of the sustainable finance agenda.

16:45 - Climate-related Risk Tools and Methods for the Financial Industry

This pitch-style session will showcase three examples of climate-related risk tools and methods supported by Climate-KIC for use by the financial industry.

A consortium led by Aarhus University including Deltares, Tecnalia and CDP will showcase how large multinational corporations are discussing and assessing climate risks.

Carbon Delta will present their Value-at-Risk metric that is currently being used by asset managers to understand climate scenarios and the absolute value of investment risks and opportunities. Climate VaR was launched in 2018; the public online tool will be launched in early 2019.

South Pole will showcase its scenario-based portfolio climate risk assessment tool, allowing full integration of climate risks into long-term asset allocation and benchmarking across investment portfolios.

The discussion will summarise and workshop the key topics to be addressed in order to make climate risk assessment more relevant for decision making, risk management, and disclosure.

Panelists:

  • Oliver Marchand, CEO Carbon Delta
  • Nico Kröner, Product Development Manager, South Pole Group
  • Hans Sanderson, Senior Scientist, Aarhus University
  • Moderator: Peter Cripps, Environmental Finance

18:00 - Closing Remarks

20:00 - Gala Dinner

Thursday 8th November

8:30 - Welcome, Registration, Networking and Refreshments

9:00 - Keynote: Maroš Šefčovič, Vice-President, European Commission

Keynote by Maroš Šefčovič, Vice-President, European Commission, on Breakthrough Energy, Mission Innovation and Sustainable Finance, followed by a discussion with Andrew McDowell, Vice-President of the European Investment Bank.

10:00 - Keynote: Kirsten Dunlop, CEO Climate-KIC

Kirsten Dunlop, CEO of Climate-KIC, will present her vision on the exponential change needed to go faster, further, together.

11:00 - Landscape Finance "Shark Tank" Session

In order to practically discuss the issues in landscape finance and illustrate the type of investment this requires, a landscape "shark tank" session will present its goals/challenges, and pitch concrete investment opportunities, in front of a set of 3-4 investor representatives. 

Participants:

  • Paul Chatterton, WWF
  • Johnny Brom, Director, SailVentures
  • Renat Heuberger, CEO, SouthPole
  • Florian Meister, Co-founder, Finance in Motion
12:00 - Blockchain for Climate Applied

All Sustainable Development Goals have in common that they need available capital to be realized. Current estimates of the United Nations Conference on Trade and Development (UNCATD) achieving the Sustainable Development Goals (SDGs) will cost between US5 to US7 trillion, which leaves a significant financing gap until 2030. At the same time a recent report by the Business & Sustainable Development Commission estimates that achieving the SDGs could open up US12 trillion of market opportunity and 380 million new jobs by 2030.

So, why is it so difficult to finance deep decarbonization initiatives and SDGs related initiatives, if the market potential is so extraordinary?
The SDGs challenge current economic models with regards to putting spotlight on two key questions: (1) How will the world collectively come together and agree on a new economical paradigm that holistically accounts for ecological-, social- and economic value and (2) how will the costs for ecological- and human externalities be shared amongst all. In fact, current economic models are not able to give answers to these questions.

Distributed Ledger Technology (DLT), also referred to as “Blockchain”, has the potential to be such a disruptive solution. While climate change is a truly global problem, it is well recognized that it requires a decentralized, multi-stakeholder, bottom-up approach to be solved, along with an open and transnational platform of existing (carbon markets, taxes, pricing) and evolving climate action instruments (Nationally Determined Contributions). Furthermore, the approach needs to allow for a high level of measurement, reporting, and verification (MRV) and enforce high levels of trust and transparency. DLT is a candidate technology that optimally aligns with these requirements. What are the barriers for mass-adoption of DLT and associated technologies for transforming Climate Finance at scale to accelerate Climate Action? The session will have the focus on how to translate the theory into practice.

Panelists:

  • Bjoern Fischer, Ecokraft
  • Jochen Biedermann, Blockchain Asia
  • Julie Maupin, IOTA Foundation
  • Leanne Kemp, Everledger (TBC)
11:00 - Building value around urban circular economy with Helsinki

This session will dive into concrete ways how to lead successful PPPP (public-private-partnership for people) collaboration in cities, to turn climate change and resource crisis into permanent sustainable business and investments. The session will look at how to lead this change by using cities as platforms and thus accelerate green & circular economy in a holistic way.

12:00 - Green Bonds for Cities Masterclass

The Green Bonds for Cities (GBC) Masterclass presents cities’ role in driving the green bond market and the key challenges and opportunities in raising green bond finance. Through case studies and the latest market and policy developments, this interactive Masterclass presents an overview of green bond for cities issuance, disclosure and impact, models for raising green bonds, and treasurers’ experiences. The GBC Masterclass is an opportunity to learn best practices around raising finance for low-carbon and climate-resilient urban infrastructure, green bond impact reporting as well as the benefits of increased transparency and efforts of creating comparability and common taxonomies in the context of European cities and financial centres.

Panelists:

  • Hanna Värttö, Practice Leader - Investments and Climate Change, SouthPole Group
  • Diletta Giuliani, Policy Programme Manager, Climate Bonds
11:00 - City Finance Lab

Cities are key to tackling climate change but climate mitigation and adaptation projects at the city-level still struggle to attract sufficient investments. The City Finance Lab was founded to support the development of well-designed and innovative financing solutions that can remove existing barriers for such investments, aiming to increase investments into low-carbon and climate-resilient urban projects.
By attending this session, you will discover the broad range of financing solutions available to cities and the available room for innovation in a field that is still adapting. You will directly experience the opportunities that innovative financing solutions offer and how expert support can alleviate barriers to financing the urban transition through a live case study. By contributing to a collective and targeted brainstorming around the set-up of the City Finance Lab, you will directly contribute to an improved governance, scope and focus of the City Finance Lab and reflect on the current approach.

Panelists:

  • Hans-Peter Egler, Director of Public Affairs, South Pole
  • Denis Jorisch, Senior Consultant, South Pole
  • Mathilde Treis, Consultant, South Pole
12:00 - Tomorrow that we build today

Visioning the world we need to build is critical to taking action on climate change. This Wold Café style session invites a group of hosts to tell the story of a 2050 decarbonised world, how people live, work, travel, what products they buy and services they use. A modern, environmentally friendly, safe and fast-developing vision emerges, to which each group will add and bring colour and detail before coming back together to hear – and see- the full story.

13:00 - Closing Remarks

13:30 - 17:00 - Networking lunch, working groups and side meetings

Working Groups:

  • Landscape finance
  • City Finance Lab
  • Knight Frank finance roundtable
  • Adaptation finance follow-up and community of practice

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