UNFCCC side-event at the Bonn Intersessionals (SB46)
Monday, 15 May 2017, WCC Bonn, in Room Bonn (181) at 16:45 to 18:15
Managing climate risks is key for investors and companies. It enables better decision-making and increases financial stability across the economy. This event will explore how the FSB Taskforce on Climate-related Financial Disclosure recommendations could allow stakeholders to manage climate risks by using stress-testing and carbon pricing.
Impacts from climate change cause systemic risks - threatening the global economy, peace and political as well as financial stability. At the same time, these challenges represent an unprecedented opportunity to finance sustainable solutions and channel trillions of dollars of investment into the low-carbon economy. Given the urgency and scale of economic transformation needed to safeguard the future of business and society, governments must send a clear message to the international community reaffirming their commitment to the TCFD, as part of a wider message of willingness to implement the Paris Agreement and the transformation to a low-carbon and climate resilient economy.
This event, convened by CDP, the World Business Council for Sustainable Development (WBCSD) together with the We Mean Business Coalition and WWF, will explore how the FSB TCFD recommendations could allow stakeholders to manage climate risks by using stress-testing and carbon pricing and why this is important for policymakers to endorse these recommendations. It will also discuss how carbon pricing can be used as a tool to monetise transition risk in scenarios.
16:45 – 17:15 Welcome and Opening remarks of panellists
17:15 – 17:35 Panel discussion
17:35 – 18:05 Q&A with the audience
18:05 – 18:15 Closing remarks
Moderator: Nicolette Bartlett, Director Carbon Pricing at CDP