A new key biodiversity platform for cross sectoral collaboration
For its inaugural launch, World Biodiversity Summit will help define what world leaders and the private sector in biodiversity and climate action need to do in the medium and long term to achieve sustainable development and hinder further biodiversity loss, focusing on partnerships and investment mechanisms as levers of progress. World Biodiversity Summit is a platform for responding to accelerating biodiversity loss, by using the Paris Agreement as a framework to learn from, promoting relevant solutions, innovations, and leadership networks, strengthening nature restoration and conservation. Nature-based solutions will be highlighted, from specificecosystems to global possibilities.
First year tracking of the Danish pension fund commitment towards USD50 billion in green investments by 2030
Insurance & Pension Denmark CEO, Ken Damsgaard reported that Danish pension funds have invested $8 billion in green projects since the 2019 Climate Action Summit in New York. This far exceeds earlier expectations and could lead to Danish pension funds reaching their $50 billion green investment target three years ahead of schedule.
The Climate Investment Coalition works to accelerate climate action and a green recovery to help meet the goals of the Paris Agreement and the net-zero transition by mobilising investments for clean energy and climate by 2030.
In 2021, the Climate Investment Coalition’s roadmap to COP26 will convene leading institutional investors, governments and other stakeholders in climate finance to help mobilise financial commitments and solutions in green investments to reach 2030 climate targets and support the net-zero transition.
Key focus areas in 2021
Climate Investment Coalition - The Road to COP26
Happening in 2021
Objectives
The Coalition aims to engage the public and private sector to accelerate the short-to-medium-term investments needed to achieve the goals of the Paris Agreement and net-zero transition.
Mobilise financial commitments from institutional investors, to be invested in climate projects by 2030.
Yearly reporting of commitments to track and present successful investment cases and policy models.
Increase public-private collaboration to strengthen political frameworks for private institutional investors.
Provide a roadmap for announcements,for the public and private sectors on theroad to COP26, including the Climate Investment Summit.
Activities
Climate
Investment
Coalition
Impacts the real economy by mobilising financial investments towards green projects globally by 2030
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Pledge Tracker
Tracks the allocation & use of commitments to ensure their impact on the real economy
Climate
Investment
Summit
Influences the global climate finance agenda through best practice business models, enabling framework conditions & strategies for climate finance & investing
Roadmap to
COP26
A Roadmap of key digital events & milestones leading to COP26 in Glasgow and beyond
Best Practice
Share & inspire successful models in green business, finance and policy to scale best practices globally
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Background
In 2020, the Climate Investment Coalition engaged with Nordic, European and UK governments and institutional investors to increase green investments to achieve the net-zero transition. A process to mobilise commitments in the Nordics was launched in October 2020 together with Nordic pension fund CEOs at a Prime Minister’s meeting (N8) where Nordic leaders also announced their intent to encourage Nordic institutional investors to scale-up green finance and investments towards 2030. The Climate Investment Coalition was established on the back of Danish pension funds’ 2019 conditional commitment of USD 50 billion towards clean energy and climate-related investments by 2030, announced at the UN Secretary General’s Climate Action Summit, by the Government of Denmark; Insurance and Pension Denmark; the Institutional Investors Group on Climate Change (IIGCC) and World Climate Foundation.
Social Media Updates
Dan Jørgensen, Minister of Climate, Energy and Utilities in Denmark
"The political response to the economic crisis caused by the COVID-19 pandemic must reap the synergies between job creation and climate action. Huge amounts of money will be mobilised to boost our economies, and we must seize that as an opportunity to tip the scales from black to green. Institutional investors will play a key role in making the recovery a green one"
"The Danish insurance and pension industry support the Paris Agreement to keep the global temperature rise this century well below 2 degrees Celcius, preferably 1.5 degrees. Institutional investors can play an important role in the green transition by financing green investments, given suitable framework conditions. Through the activities of the Climate Investment Coalition, the Danish pension industry will share its experiences in good green investment practices and framework conditions to promote the green transition internationally"
Deputy Chief Executive at Insurance & Pension Denmark, Jan V. Hansen