In this episode, we dive into the dynamic discussions from the SDG Conference in Bergen, where experts explored the complexities and opportunities in financing the shift towards sustainability. Moderated by Natalia Buier, the session featured insights from Ruth Carlitz of the University of Amsterdam, Lina Strandvåg Nagell from Bellona Europa, and Yann Robiou du Pont from Utrecht University.
Key Highlights:
Climate Finance: Addressing Inequity and Aligning Investments with Needs: Ruth Carlitz discusses the disparity between climate change impacts and emissions, emphasising the responsibility of higher-income countries to support lower-income nations. She highlights the need for transparency and effectiveness in climate finance allocation.
Sustainable Finance: Unveiling the Taxonomy Tango: Lina Strandvåg Nagell delves into the complexities of defining “sustainable” finance and its role in industrial decarbonisation. She discusses Bellona’s involvement in the EU’s sustainable finance taxonomy and the challenges of balancing economic considerations with climate goals.
Equity and Ambition: Sharing the Burden of Emissions Reduction: Yann Robiou du Pont contrasts the aspirational nature of the SDGs with the legally binding framework of the Paris Agreement. He advocates for equitable distribution of emissions reductions and introduces the concept of “fair share” based on historical emissions, per capita emissions, and GDP per capita.
From Disputes to Solutions: Charting a Course for Effective Climate Action: The panellists address disputes surrounding green finance taxonomies and the diversity of instruments involved. They emphasise the importance of international support mechanisms, transparency in foreign aid, and comprehensive sustainability criteria.
Political Will and Beyond: A Multifaceted Approach to Climate Finance: The conversation transitions to political solutions, with a focus on international cooperation, leadership from high-emitting countries, and the inclusion of non-state actors and grassroots voices.
Scepticism, Capitalism, and the Road Ahead: The session grapples with the complexities of climate change scepticism and its impact on green finance. The speakers discuss the drivers of scepticism and the challenges of achieving ambitious climate goals.
A Balancing Act for a Sustainable Future: The session concludes with valuable insights into the challenges and opportunities in financing climate action. The speakers highlight the need for transparent and equitable finance allocation, systemic changes in financial flows, and political solutions to address climate change effectively.
Join us as we explore these pressing issues and discuss innovative strategies for mobilising investments in sustainability. This episode reinforces the importance of collaboration and innovation in overcoming the challenges of green finance.
Tune in to gain insights and be part of the conversation on navigating the complexities of green finance for a sustainable future. 🎧
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