Solar panel in India. Photo: iStock
Climate investments in the South - The COP29 crossroad
Developing countries are committed to combat global warming through stating their own National Determined Contributions (NDC) in the Paris agreement. However, they lack capital to invest in green production and request financing from developing countries. The India led G20 meeting last year decided to develop a comprehensive plan that is about to be released.
The main components are state loans to secure offtake of green energy and products in developing countries, thereby reducing the risk for private investments to start production. Joint production of technology though local content requirements will create jobs and reduce costs. The introduction of compliance carbon markets also in development countries will furthermore enforce a green economy.
Om
Gjennomført: 30.10.2024
Forskningsparken, Gaustadalléen 21
CICERO and Oslo New University College
Program:
- The North-South divide in enforcing climate policies - Asbjørn Torvanger, Senior researcher, CICERO
- New approaches to climate finance models for the global south - Sanmit Ahuja, director of Bharat Technology and Impact Accelerator (www.bharatia.org) who is responsible for the report initiated by the G20 meeting in India.
- Opportunities and risks of green investments in developing countries in light of the G20 India, report by:
- Gard Lindseth, Negotiator climate financing COP29, Ministry of Climate and Environment (KLD)
- Bjørnar Baugerud, Director, The Climate Investment Fund
- Gjermund Grimsby, Chief advisor climate change, KLP
- Henrik Wiig, Assistant professor, Oslo New University College
Coffee and breakfast will be served from 08:00. No streaming.
