Leading the Global Green Economy
The strive for net zero will define global politics, economics and trade this decade, but as the UK departs from the EU, hosts the UNFCCC’s COP26, and continues to recover from the global pandemic, will this be the moment the UK seizes the opportunities presented by a net zero future? Whilst climate change presents an existential threat to the UK’s economy, it also presents a great economic and societal opportunity for the country, cities, and companies if we choose to put net zero ambitions at the heart of national and local recovery efforts and future aspirations as a nation. The signs are good. The Prime Minister has promised to make the UK the number one hub for Green Finance, level up the UK by investing in green infrastructure, and push the boundaries on climate tech and innovation to give the UK a competitive advantage in the green tech arms race. The Opening Day of the 3rd Climate Innovation Forum will explore the how the UK can become the leading economy in race to net zero, generate growth through green innovation, and put sustainability at the heart of our recovery.
|9:30||Breathing Space Agenda|
|11:00||Chair Opening Remarks|
|11:05||Opening Keynote Address|
|11:15||Climate Leaders Live Public-private partnerships are essential for net zero success, but when does the carrot become the stick? In Conversation with Mark Carney, The UK Prime Minister’s Finance Advisor for COP26|
|11:30||Virtual Discussion Building a Connected Global Green Economy International cooperation, finance, global standards, and ‘greening’ trade are vital elements for a global green economy to thrive. As boarders open and trade bounces back, what will it take to put climate targets at the centre of international development and what role will COP26 play in progresses the green agenda on the international stage? Speakers|
- Chris Stark, CEO, Committee on Climate Change
- Leo Hickman, Editor, Carbon Brief
|12:10||Call for Action|
|12:15||Chair’s Closing Remarks|
Industry Tracks The Green Finance Hub
|With growing competition to lead sustainable and green finance, will the myriad of new investments, finance, and capital tools announced by Treasury support this ambition and ensure the UK leads the global green economy? From the new UK Infrastructure Bank to updating the BoE mandate and issuing the ‘world first’ sovereign green bond, both the Prime Minister’s 10-Point Plan and the Treasury seem to recognise the role of financial institutions, both public and private, in steering the country towards a green recovery and to prioritise green growth. The Finance Track explores whether these commitments, tools, and new structures go far enough to support, finance, How zand fund the transition to a net zero economy.|
|13:00||Track Chair Opening Remarks|
|13:05||Call for Action|
|13:10||Virtual Discussion The UK Infrastructure Bank|
- Will the UKIB and green financing create the real economy shifts needed to put the UK on track for net zero?
- How do we finance the UK net zero transition and is a UK Infrastructure Bank the right mechanism?
- Annual global investment into climate action needs to be in the trillions, does the £12bn committed by the bank go far enough?
- How do we ensure the investments support by the Bank create a just and meaningful transition?
|13:50||Call for Action|
|Industry Tracks Energy Transition|
|The Energy Whitepaper, released in December 2020, outlines a roadmap to decarbonise UK energy systems for the first time in over a decade. The long-awaited strategy outlines key investment and project development areas putting the energy transition – especially scaling clean energy sources – at the heart of the recovery efforts. Decarbonising the power sector and our energy sources has been the driving force behind the UK’s emission reductions to date. The Energy Track asks whether this new energy roadmap will be a decisive and permanent shift away from fossil fuels and examines whether the 10-Point Plan goes far enough to support innovation in the energy sector, encourage greater public-private cooperation at local and regional level, and continue to keep pace with the emission reductions needed to mee the UK net zero target?|
|15:00||Track Chair Opening Remarks|
|15:05||Call for Action|
|15:10||Virtual Discussion Reaching Clean Energy Capacity|
- Energy Transition Management: How can we effectively manage the transition to a clean energy system?
- How do we a voiding Stranded Assets in the clean energy transition?
- How do we invest, build and manage the scaling of clean energy projects to support long-term clean energy transition and clean energy capacity required to meet green economy demands?
- Emma Pinchbeck, CEO, Energy UK
|15:50||Call for Action|