Live simultaneous interpretation in French.
In a world where its influence is pervasive, finance is paradoxically present in the climate negotiations only through the Green Climate Fund, which was adopted as a translation of the principle of common but differentiated responsibility. This fund may not live up to expectations, given the scale of the funds to be raised in an unfavorable economic climate, and the severe constraints on public budgets.
First, we'll look at why launching a low-carbon transition means integrating into the economic analysis the risks inherent in the maturation phase of low-carbon projects, in a context of uncertainty and a business regime where share value takes precedence. We will show how, based on an agreement on the social value of mitigation activities, we can a) reduce the risks of low-carbon investments; b) redirect global savings towards these investments; c) build a financial intermediation between available liquidity and long-term assets. We will discuss how this mechanism can: a) improve the economic coherence of INDCs and avoid the risks of fragmentation of "climate finance"; b) meet the demand of the "South" for "equitable access to development"; c) mobilize "climateagnostics" concerned by current economic uncertainties by reducing the gap between the propensity to save and the propensity to invest.
