Friday 10 November 2023
According to the IPCC, UN, and IEA, the persistence of coal in the global energy mix is the number one threat in achieving the temperature targets of the Paris Agreement. However, global coal consumption continued to rise in 2022. To manage coal phase out, we need to provide the private sector with clear guidelines on coal exclusion policy and incentives for sustainable transition finance including through managing stranded assets.
To this end, a panel is organized at the Paris Peace Forum in order to discuss the perspectives and challenges faced by the private sector and MDBs when addressing phase out coal. This discussion constitutes a starter for shaping the Coal Transitions Accelerator to be presented at COP28.
President, Asian Infrastructure Investment Bank (AIIB)
Minister for Energy Transition, French Republic
Honorary Chairman, Amundi and President, Sustainable Finance Institute
Chief Sustainabilty Officer, Société Générale
President, European Bank for Reconstruction and Development (EBRD)
Deputy Head of Mission, Embassy of the United Kingdom of Great Britain and Northern Ireland to the French Republic
Intervention on the same theme