How could fairer finance help us address Climate Change?

UCL Minds

Date: Tuesday 2 November 2021 Speakers: Nadia Ameli, Principal Research Fellow at UCL Institute for Sustainable Resources (UCL ISR) Ashish Ghadiali, Activist-in-Residence at Sarah Parker Remond Centre, Institute of Advanced Studies, UCL Dr Joshua Ryan-Collins, Head of Finance and Macroeconomics at UCL’s Institute for Innovation and Public Purpose About the UCL Lunch Hour Lecture: The sustainable finance policy agenda has largely neglected the financial disadvantages faced by many low and middle income nations in addressing the ecological transition. Dr Joshua Ryan-Collins will consider what sort of reforms to the international financial system are needed to address this, including more restrictive financial regulation aimed at reducing ecologically-damaging financial flows, nature-based sovereign bonds, nature-linked central bank swap lines ecologically-linked special drawing rights (SDRs). Thinking about fairness in climate finance, Ashish Ghadiali will talk about the need to develop a holistic approach to what just climate action looks like, not decarbonisation alone. The developing world has been described as a potential "renewables powerhouse", but Nadia Ameli will discuss how lack of fair access to investment could create inescapable traps for the poorest countries. This event is part of UCL’s climate campaign ‘Generation One’. Together we are the new generation taking responsibility for climate action and turning science into actionable ideas. Join our new era of climate action at ucl.ac.uk/generation-one