Climate Change

September 27, WED  /  10:45 - 12:00

According to the World Meteorological Organization (WMO), the next five years (2023 – 2027) may become the hottest in the history of observations. In addition to rising temperatures, precipitation patterns will also change, for example, while rainfall increase is expected in Northern Europe, Alaska and northern Siberia, its decrease is forecasted over the Amazon and several parts of Australia.

WMO Secretary-General Petteri Taalas noted that such climate change will have far-reaching implications for health, food security, water management and the environment. It will require adequate preparation.

Last year's COP27 in Egypt emphasized that the transition to a low-carbon economy will require transforming the financial system, its structures and processes, involving governments, central banks, commercial banks, institutional investors and other financial sector players.

In this regard, the issues of lending to companies for the transition to new Clean Technologies are very relevant. And it is important to realize that this area should not suffer from the fragmentation of international trade, as its consequences could lead to a reduction and redistribution of credits, which would affect the real economy and the pace of transition to a global low-carbon development. The green agenda is something that should unite the efforts of all countries in the world.



First Row Expert

* The Programme may be subject to change