EIU webinar on “Examining the business environment impact of climate pledges” and its role for Innovations

In the light of the UN Climate Change Conference (COP 26) , on October 21st took place a webinar on climate changes, entitled as the “Examining the business environment impact of climate pledges”. The webinar was based on a recently published white paper on the impact of the EU’s 2030 climate proposals and the effects that they could have on individual member states.

Participants in the debate included:

  • Matthew Oxenford, Analyst at The Economist Intelligence Unit
  • Ana Nicholls, Director at The Economist Intelligence Unit.

The debate was an opportunity to discuss the climate and the emissions pledges.

During the webinar speakers covered the following topics:

  • climate change in the energy transition and what all of this means for business,
  • current energy crisis in Europe,
  • USA, China and India climate policies,
  • climate finances.

It is becoming increasingly difficult for countries to ignore climate impacts and require changes to the energy market and transition to renewable energy.

Matthew Oxenford explained how some countries making climate pledges are trying to set policies and regulations that encourage emissions reductions and decarbonization.

The biggest corporations, under pressure from shareholder, are committing to net zero emissions. According to Mr Oxenford, one of the most important things COP 26 can achieve is the matter of standardizing what is green investment and what is green and what net zero means in financial terms by providing standard definitions.

However, it has been said that mitigating climate change depends on what governments will do in terms of policies.

A great deal of attention was given to the energy crisis arising from natural gas markets.

The questions about energy price crises and U.S. climate policy were followed by the audience.

Climate aspect is highly co-related with innovations and its role in achieving the UN Climate goals on a global level as well as on national and regional levels polices.In terms of K4I perspective we believe in interrelations between sectors and the role of the European Union actors as strong leaders in achieving EU climate goals till 2030/2050.

More on the white paper here: https://www.eiu.com/n/campaigns/cop26-and-the-business-environment/

 

By Victoria, 
K4I Trainee
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