The International Energy Agency (IEA) calculates that investments in clean energy need to triple to $4.5 trillion annually by 2030, while the adaptation finance gap still stands at $194-366 billion per year. We have this money, but we are currently investing it in problems instead of solutions. The world spent $7 trillion subsidizing fossil fuels in 2022 alone. So how do we ensure that financial flows go to climate actions and a just transition?
In this session, part of We Don't Have Time's Climate Hub at the UN Climate Change Conference SB60 in Bonn, panelists will explore new initiatives supporting levies on financial transactions and a wealth tax on billionaires to raise funding for climate action. The panel will also delve into other mechanisms that could help shape the future of climate finance, such as Voluntary Carbon Markets, equity funds, and banks supporting a fossil fuel phase-out.
InfluenceMap's FinanceMap Program Manager, Daan Van Acker, will join the panel of experts on climate finance for this discussion.
Speakers:
InfluenceMap
Daan Van AckerDirector of FinanceMap and Investor Engagement
Daan leads InfluenceMap's FnanceMap program and Investor Engagement efforts, as well as the Carbon Majors program. Prior to joining InfluenceMap in 2020, Daan earned his MSc in Mechanical Engineering from KU Leuven and MSc in Management from the London School of Economics. His previous experiences in the climate space include work in the fields of sustainable finance and renewable energy.