Article 2.1c of the Paris Agreement calls for “making finance flows consistent with a pathway towards low greenhouse gas (GHG) emissions and climate-resilient development”, thus recognising the critical role played by finance in meeting climate policy goals. Measuring progress towards this goal requires the development of relevant indicators and assessments, for both the financial sector and underlying real economy assets, actors, and investments.
In this context, an increasing number of initiatives are supporting the alignment of finance with the Paris Agreement and net-zero goals by, among others, encouraging action, designing alignment frameworks and assessment methodologies, developing metrics, and promoting improved reporting and data availability. The emergence and diversity of such initiatives implies a need for further co-ordination and improved common understanding on the range of potential metrics and indicators. This workshop contributed to this process, with a focus on if and how such metrics and indicators contribute to assessing progress towards climate mitigation policy goals. As such, the event placed a strong focus on the issue of climate integrity and impacts in terms of GHG emission reductions in the real economy.
To foster knowledge sharing and dialogue, the event gathered technical experts and practitioners within the following communities: climate policy makers, financial regulators and supervisors, investors and financial institutions, researchers, data and assessment methodology providers.
The workshop was hosted by the OECD Research Collaborative on Tracking Finance for Climate Action, based on funding provided by a range of OECD member countries. It is part of a series of Research Collaborative workshops related to assessing progress towards Article 2.1c of the Paris Agreement. This workshop also contributes to a series of three OECD workshops on “Climate Science, Policy, Regulation and Practice” funded by ADEME and Institut de la Finance Durable in the context of the Finance ClimAct initiative, supported by a grant from the LIFE program.
Workshop on Metrics for Climate Transition and Net-Zero GHGs in Finance - Supporting climate policy goals and avoiding greenwashing
- Date
- 22 February 2023
- Location
- OECD Conference Centre, Paris
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16 November 2023