Home>Financing the transition to sustainable development
04.06.2015
Financing the transition to sustainable development
About this event
04 June 2015 from 19:00 until 21:00
Within the framework of the “Paris Climat 2015: Make it work” initiative. Cycle “Economists facing Climate Change”.
With Patrick Bolton (Columbia Business School) and Pierre Ducret (Caisse des Dépôts et Consignations-Climat).
Moderation by John Coatsworth (Provost of Columbia University).
Along with governments, the private sector must play a key role in reducing greenhouse gas emissions through massive investments — a challenge when public finances are stretched thin in many countries, leading to inaction. For the private sector to engage on a significant scale, economic incentives have to be in place. Financial markets can help accelerating the transition by changing investor expectations through portfolio decarbonization actions, by creating their own economic incentives towards sustainable investment, by raising awareness on climate risk for investors, and by rewarding climate change mitigation actions.
Patrick Bolton is Professor at the Columbia Business School. He is also co-director of the Center for Contracts and Economic Organization at the Columbia Law School. He is currently President of the American Finance Association.
Pierre Ducret is special Advisor for climate change & COP21 at Caisse des Dépôts Group. Until March 2015 he was Chairman and Chief Executive Officer of CDC Climat, a Caisse des Dépôts subsidiary dedicated to supporting the transition to an ecological and low-carbon economy.
John Coatsworth is Provost of Columbia University, as well as Professor of International and Public Affairs and of History. Provost Coatsworth is a leading scholar of Latin American economic and international history.
The conference will be held in English. Participation is free but registration is required.