22.2. 12:00 – At the Carbon and Climate Finance workshop, Conor Riffle, Head of CDP cities, provided information about developing standards for cities to report their climate protection measures. Remco Fischer from the UNEP Finance Initiative emphasized that investing in renewable energy is increasingly making sense from a financial perspective.
Having universal measurement systems in place will be very important as soon as the carbon market regains momentum post-Kyoto. But only with substantial mitigation targets will there be incentives for private investors to „move in the right direction“, as one panel member put it.