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We are accelerating on the path toward a lower-carbon future.  According to the International Finance Corporation, markets for climate-smart business solutions in renewable energy, green buildings, climate-smart agriculture and sustainable urban infrastructure already exceed $1 trillion—and are growing as countries make good on their commitment to the Paris Agreement. The climate transition creates opportunities and risks, and financial institutions and corporations have taken different steps to incorporate these changes into their business strategies. There are many ways to find new opportunities and to manage risks associated with addressing climate change, including using green finance solutions, developing new markets, technologies and business models, setting science-based targets and using internal carbon pricing.

Purpose of event:  As companies, financial institutions and investors begin to incorporate climate risk and opportunity into their business models and growth strategies, there are a number of questions that emerge: 

  • What are the key risks and opportunities today – and in the future? 

  • What tools and strategies are available to help ‘stress test’ different scenarios?  What is the role of green finance, internal carbon pricing and Science-Based Targets?

  • What is the role of government in mitigating risk and helping to unlock opportunities?

This event, organized by the Carbon Pricing Leadership Coalition (CPLC), will form a special “track” within the UN Global Compact’s Sustainable Solutions Expo, and will convene business, financial sector and government leaders for an interactive set of discussions. Participants will learn about emerging models and tools that can be used to prepare for the future, and network with peers. 

Agenda

9:00-10:30          Plenary:  Climate business opportunities  and risks in Asia – This panel will explore the current dynamics of the Asian market for climate business across key sectors, as well as the potential for green finance solutions to scale up private investment. It will also explore different climate risks in the region, including the impacts of extreme weather events; legal/reputational risks; and policy changes such as carbon pricing. 

Moderator:  Assad Razzouk, Group Chief Executive, Sindicatum Sustainable Resources

Panelists (all TBC):  Ms. Yeo Lian Sim, Singapore Exchange and Vice Chair of the Task Force on Climate-Related Disclosure; Ms. Nena Stoiljkovic, Vice President, Asia and Pacific, International Finance Corporation; other executives

10:30-11:00        Networking coffee

11:00-12:30        Plenary:  Carbon pricing in Asia – Carbon pricing is rising in importance in the Asia-Pacific region, with China, the Republic of Korea and Singapore moving forward with emissions trading systems and carbon taxes. Businesses are also taking action to prepare for future carbon pricing, including in India, where companies are planning an emisisons trading simulation. This panel will provide an update on what is happening in the region in the government and business realm. 

Moderator:

Panelists (all TBC):  Hon. Masagos Zulkifli, Minister of Environment, Singapore; representatives from China, India and Republic of Korea

12:30-14:00        Networking lunch

14:00-15:30        Tools to manage risk and unlock opportunity:  Climate-related disclosure, science-based targets, and internal carbon pricing.  This session will feature a panel of experts and corporate/financial users to explore these initiatives, who is using them, and why are they smart business practice.  Experts will present the current state of play, followed by an interactive discussion around the barriers and solutions to advancing these tools.

Moderator:       

Panelists (all TBC):  Erik Christianto, Business Development Manager, Trucost/Standard & Poor’s;   Vivek Adhia, Senior Associate, World Resources Institute India