2024 NYC Climate Week - Changing the Climate – Reforming the financial Sector to be fit for the 21st Century

Climate change poses significant risks to all aspects of society, and therefore the economy, and the financial markets. To fulfill investment duties asset owners and managers will have to take action in the real-economy to address the root causes of climate change – including engaging policymakers in support of predictable, reliable and effective policy change.  Banks will also have to ensure their lending aligns with the goals of the Paris Accord and SDGs – particularly in emerging markets and developing economies (EMDEs) which need an estimated $2.4 trillion a year. Multilateral and national banks have a core mobilizing role. Governments – particularly Ministries of Finance – have a key role to play in coordinating the transition to a low carbon economy, using a ‘whole of government’ approach via national transition planning.  

This New York Climate Week event, hosted by the New York Climate Exchange, and organized by the Coalition of Finance Ministers for Climate Action and the World Bank, consists of a series of panels to discuss how governments can lead on the transition agenda, regulators can support it, and the institutional investors and banks can follow.

For more detailed information, please visit the event's dedicated webpage.