10th anniversary of the Paris Agreement: Is the debt capital market delivering on its commitments?
The Paris Agreement was adopted by 196 Parties at the UN Climate Change Conference (COP21) in Paris, France, on 12 December 2015. Its overarching goal is to hold “the increase in the global average temperature to well below 2°C above pre-industrial levels” and pursue efforts “to limit the temperature increase to 1.5°C above pre-industrial levels”.
Overall, efforts under the Paris Agreement are guided by its aim of making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development.
ICMA held a conference in Paris to review the progress made 10 years after the signing of the Paris Agreement and to consider whether the debt capital market is adequately delivering on its commitments.
ICMA was pleased to partner with Ashurst for a virtual event on Net Zero and the Asia-Pacific Capital Markets on 20 April 2021.
Keynote presentations were provided by Mr. OMOTE Takashi, Deputy Director-General for Environment, Energy and Innovation at Japan’s Ministry of Economy, Trade and Industry; and Dr. MA Jun, Chairman, Green Finance Committee of the China Society of Finance and Banking.
