Written by Gregor Erbach,
Two years after the Paris Agreement on climate change was concluded, world and business leaders gather in Paris today for the One Planet Summit, an initiative of French President Emmanuel Macron together with World Bank President Jim Yong Kim and UN Secretary-General António Guterres. Partners include the European Commission, the UN Framework Convention on Climate Change, the OECD and the Global Covenant of Mayors as well as regions, cities and companies. A main focus of the event will be on innovation in public and private finance to support and accelerate efforts to fight climate change.
The agenda includes panel discussions on the scaling-up of finance for climate action, greening finance for sustainable business, accelerating local and regional climate action, and strengthening policies for ecological and inclusive transition. The event aims at encouraging public and private actors to develop new and tangible actions and ideas (ClimActs) to innovate, to roll out solutions, and to support communities vulnerable to climate change.
The summit was preceded by a climate finance day to take stock of climate action in the financial industry and showcase recent climate initiatives and innovations in this sector.
Today’s summit follows the COP23 climate change conference in Bonn (6-17 November) and a high-level conference on financing low-carbon energy in the European Parliament (7 November). All these events send a clear signal that nations, regions, cities, companies, and civil society remain committed to climate action, despite the intention of the United States to withdraw from the Paris Agreement.