To achieve ambitious energy transition and climate targets, the world needs to restructure investment patterns and provide additional investment into climate friendly actions. This transformation is unprecedent and public budgets cannot finance it alone. Citizens and businesses could help leverage investment choosing where to bring their money, i.e. choosing banks, pension, insurance, and investment funds with climate-friendly investment portfolio. Marina Olshanskaya and Aleksandra Novikova will discuss the current and forthcoming regulations, standards, and best practices of climate information disclosure of countries, financial institutions, and companies. Each of us could choose how to green our planet already today.
The lecture will cover:
- State of play for climate finance globally and comprehensive overview of instruments, sources and standards, both in EU and emerging markets
- EU climate benchmarks and taxonomy - implications for individuals and organizations in EU and beyond
- Climate finance flows: sources and intermediaries, instruments and sectors
About the speakers
- Dr. Aleksandra Novikova
Aleksandra has been working on energy and climate for 20 years focusing on financing energy transition and climate actions, assessment of climate finance flows and modelling investment in sustainable energy systems and infrastructure at regional/country/global level. She is a certified expert by Climate Finance Training for Sector Experts by the German Federal Ministry of Economic Cooperation and Development and has delivered numerous research and training activities for the European Commission, UN agencies, GIZ, governments in Europe, America, and Asia. At present, Aleksandra is a team lead on energy efficiency and climate finance at the Berlin-based Institute for Climate Protection, Energy and Mobility (IKEM) and also a co-founder of AvantGarde Innovation.
- Marina Olshanskaya
Marina is a senior climate policy and climate finance consultant. For over a decade she worked for the United Nations Development Programme where she led the development of sustainable energy and climate change mitigation projects in Eastern Europe, Central Asia and Africa financed by the global climate funds, the Global Environmental Facility (GEF) and Green Climate Fund (GCF). Since 2016 she works as independent climate finance consultant advising international organizations (GIZ, SIDA, UNEP, UNDP, World Bank, UN Women), governments and private sector on structuring financing for transformative climate projects around the world. Throughout her career she mobilized over 250 mln USD in funding for climate change mitigation and built in depth understanding and practical knowledge of the global climate finance landscape and carbon market mechanisms, such as the Clean Development Mechanism (CDM), REDD+, EU Emission Trading Scheme, etc.
Co-organized by the Jean Monnet Chair in Energy and Innovation Strategies