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EIB CLIMATE ACTION

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Before the COVID-19 crisis, the world had been moving towards increasing environmental awareness. Multinationals were voicing commitments to new, more environmentally conscious forms of corporate governance. Young people were mobilising global climate movements. The European Commission had unveiled plans for a European Green Deal as an answer to the climate emergency.

COVID-19 has changed the world in countless ways. The recovery will bring diverse opportunities to accelerate the transition to a greener and more sustainable future. The Intergovernmental Panel on Climate Change has warned that averting the worst-case climate scenario will depend entirely on the actions taken (or not taken) during this decade. The stakes could not be higher. How do we move forward?

To focus on what comes next, the European Investment Bank, together with Project Syndicate and other partners, organised a two-day virtual conference on the path to a green recovery. A variety of speakers held a series of in-depth discussions, with an emphasis on biodiversity, energy, public investments, and financial and corporate governance.

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Day 1: 16 September

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Watch the recording of Day 1

Moderators: Ben Chu and Lizzy Burden

Session One – Green Dealing
While the original New Deal was famously experimental in nature – with the Roosevelt administration trying everything, keeping what worked, and abandoning what didn’t – today’s proposed Green Deals have already been fully mapped out.

9:00AM – Opening Remarks: Werner Hoyer, President of the EIB

9:05AM – Panel Discussion and Q&A with international media

Carlos Lopes, former Executive Secretary of the UN Economic Commission for Africa
Mary Robinson, former President of Ireland
Joseph Stiglitz, Nobel laureate economist

10:10AM – Break

Session Two – The Return(s) of Nature
While the COVID-19 crisis has highlighted one of the major threats posed by nature, achieving widespread buy-in for biodiversity efforts demands that policymakers also recognise the far-reaching benefits natural systems offer.

10:30AM – Opening Remarks: Juan Manuel Santos, former President of Colombia (2010-18), Nobel Peace laureate

10:35AM – Panel Discussion and Q&A with international media

Christiana Figueres, former Executive Secretary of the UN Framework Convention on Climate Change, co-founder of Global Optimism Ltd
Anne Larigauderie, Executive Secretary of the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services
Jennifer Morris, CEO of the Nature Conservancy
Johan Rockström, Director of the Potsdam Institute for Climate Impact

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Day 2: 17 September

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Watch the recording of Day 2

Moderator: Jo Coburn

Session One – Can Green Business Be Good Business?
Although few major corporations would dare to withhold public support for the broader climate agenda, there is still an open question as to how much Big Business’s words are translating into actions.

9:00AM – Opening Remarks: Gordon Brown, former Prime Minister of the UK
9:05AM – Panel Discussion and Q&A with international media

Eila Kreivi, Head of Capital Markets at the EIB
Rebecca Henderson, University Professor at Harvard Business School
Jim O’Neill, Chair of Chatham House
Mariana Mazzucato, Director of the UCL Institute for Innovation and Public Purpose

10:10AM – Break

Session Two – Closing the Circuit
With the costs of solar, wind, and battery storage having plummeted over the past decade, the biggest hurdle to decarbonisation is no longer technological but political.

10:30AM – Opening Remarks: Kevin Rudd, former Prime Minister of Australia
10:35AM – Panel Discussion and Q&A with international media

Omran Al-Kuwari, CEO of the Qatar Foundation International
Jose Antonio Gonzalez Anaya, former CEO of PEMEX
Jules Kortenhorst, CEO of the Rocky Mountain Institute
Laurence Tubiana, CEO of the European Climate Foundation

11:40AM – In Conversation: Abiy Ahmed, Prime Minister of Ethiopia, and Bertrand Badré, CEO of Blue Like an Orange Capital

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President Hoyer's opening statement

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Climate action

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Our mission is to play a leading role in mobilising the finance needed to achieve the worldwide commitment to keep global warming well below 2˚C, aiming for 1.5˚C.

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/about/priorities/climate-and-environment/climate-action/index

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Energy sector

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The promotion of sustainable, competitive and secure sources of energy is a key EU policy objective and an important sector for EIB financing.

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/projects/sectors/energy/index

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Environmental protection

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The European Investment Bank, the EU's climate bank, is taking action to preserve natural resources and protect the environment for future generations.

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/about/priorities/climate-and-environment/environment/index