On December 12th, two years after the historical Paris agreement, more than 60 Head of States and governments were gathered at the One Planet Summit, jointly held by President Emmanuel Macron in France, the President of the World Bank and the Secretary General of the United Nations.
The initiative also brought together more than 2000 actors from both the public and private sectors, including investors, businesses, governments and local authorities. Sustainable finance has been put forward as a key driver to accelerate the transition towards a low carbon economy and to mobilise the required investments to mitigate and adapt to climate change.
The One Planet Summit has also marked the launch of 12 international commitments built around resilient and climate-oriented projects, such as the first “Climate Smart Zone” in the Caribbeans, financed through a public-private fund, or the “One Planet Sovereign Wealth Funds” launched by six of the biggest global sovereign funds to finance climate action.
As Bruno Lemaire, French Minister of Economy, highlighted “the climate risk is finally taken seriously by the financial sphere – both by companies, that are increasingly committed to being transparent on these risks, and by supervisors and central banks, which will integrate them to their work. It is a good news, and it was long overdue.”
One Planet Summit : One step further from investors towards sustainable finance
Through this document, Vigeo Eiris shares the key takeaways taken from this international event.
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