COP 28 Side Event | Financing the Future: How should big banks respond to the climate crisis?
Since the Paris Agreement, USD 5,500 billion has been channelled into fossil fuel companies from the 60 largest banks in the world. One of these banks, Danske Bank, has now drawn a line in the sand: they will no longer give loans to companies expanding their fossil fuel production.
Fossil fuels are undeniably the biggest driver of climate change. Devastating weather extremes remind us of the dire reality of the climate crisis affecting millions worldwide. These changes also affect the economic system, exposing banks to climate financial risks. But how should big banks respond to the climate crisis, and what is the role of COP 28 and national governments in regulating the banking sector?
At the Danish Pavilion, this COP 28 side event aims to inspire the financial sector, civil society, and regulators by highlighting opportunities, challenges, and lessons learned for redirecting financial flows away from fossil fuels.
Upcoming events
Building Bridges: The State of Nature-Based Investments
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Through Her Lens: Women leading change in sustainable agriculture and market inclusion
Despite the critical role that women play in agricultural production, they still do not have equal access to global agricultural supply chains on terms that benefit them.
The Pivotal Role of Sustainability for Ukraine’s Reconstruction
This webinar, hosted by the International Institute for Sustainable Development and the Ukrainian Climate Office, will discuss how to incorporate sustainability into Ukraine's recovery and reconstruction plans and share recommendations for implementation.
A Municipal Perspective on the Value of Natural Infrastructure
This webinar will showcase examples the cost-effectiveness of natural infrastructure from a municipal perspective. Focusing on what municipalities need—what evidence and numbers they rely on, and what tools and planning processes are required to ensure that natural infrastructure is assessed alongside traditional infrastructure for cost-effectiveness.