Finance executives exchange views on the finance sector's role with regard to climate change solutions and the ongoing negotiations.
9 September 2010: The UN Environment Programme Finance Initiative (UNEP FI) convened, in partnership with the Mexican Banking Association, a meeting on “The Financial Sector Towards COP 16” on 9 September in Mexico City, Mexico.
The meeting was attended by 55 senior finance executives who exchanged views on the finance sector’s role with regard to climate change solutions. Nobel Laureate Mario Molina delivered the keynote address, encouraging the private sector to identify business and investment opportunities, and learn from existing best practices to accelerate progress. On the ongoing climate change negotiations, he stress the need for: an international accord; the establishment of a price on carbon emissions; and the increase of international cooperation and resources allocated to research and new technologies. He concluded by calling for the involvement of all, governments, private sector and society, to address climate change. [UNEP Press Release]