Energy companies are being increasingly driven to implement and meet net-zero transition targets. This has been demonstrated by the recent shareholder shake-up within Exxon, the Dutch legal case against Shell and the development of groups such as Climate Action 100+. However, despite increasing pressure to transition to greener capital markets and the better returns renewable energy is now delivering in comparison to fossil fuels, investment in renewable energy technology remains nowhere near what is required to achieve net zero.
To achieve net-zero, it is essential for policy-makers and the market to work together, therefore, OMFIF has convened a panel with the Organisation for Economic Co-operation and Development, European Investment Bank, European Bank for Reconstruction and Development and Hermes Investment to discuss the requirements for developing a pipeline of investment grade projects. They will explore the policies, regulation and frameworks essential to further channel capital towards renewable energy technology and the risks of transitioning to a low-carbon economy versus remaining stagnant.
Senior Vice President, Infrastructure Investment
Director, Energy Eurasia MEA, Sustainable Infrastructure Group
European Bank for Reconstruction and Development
European Investment Bank
Policy Analyst, Green Finance and Investment
Organisation for Economic Co-operation and Development
09:00-10:15 (New York)
This meeting will be on the record.
This virtual discussion is part of the OMFIF Sustainable Policy Institute. The SPI is a high level community which brings together central banks, sovereign funds, public pension funds, and their counterparts in asset management, banking and professional services to explore policy, regulatory and investment challenges posed by environmental, social and governance themes. See more information on OMFIF’s SPI here.
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