Climate change is real and requires urgent action. It will affect us all and developing countries even more.
FMO will be participating in COP25, which is taking place 3 - 14 December in Madrid, Spain and hosted by Chile. Join us and find out how we are delivering on our climate ambition together with our partners.
The 2019 United Nations Climate Change Conference, also known as COP25, is to be the 25th United Nations Climate Change Conference. It is planned to be held in Madrid, Spain, from 2 to 13 December 2019 under the presidency of the Chilean government. The conference will incorporate the 25th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC), the 15th meeting of the parties for the Kyoto Protocol (CMP15), and the second meeting of the parties for the Paris Agreement (CMA2).
FMO will be focusing on what opportunities can be created through climate action and will be sending a delegation of climate and blended finance experts to the event who will share their views in several events and panel discussions.
| Dutch Fund for Climate and Development - international launch | 9 December 17:00 - 18:00 hrs | Benelux-EIB pavilion |
| Diner World Resources Institute and the Dutch Ministry of Foreign Affairs | 9 December 19:00 hrs | Closed session |
| COFIDES-hosted Climate finance discussion roundtable | 10 December 09:30 hrs | Paseo de la Castellana, 278 |
| SNV-hosted side-event Business opportunities in climate action | 10 December 18:30 - 20:00 hrs | Side Event - Room 6 |
| Swiss Dutch Initiative on Paris Alignment of Financial Flows | 11 December 09:30 - 11:00 hrs | Benelux – EIB Pavilion |
| Climate Action in Financial Institutions Initiative- Paris Alignment Workshop | 11 December | Closed session |
| Developing the green financial market; the Dutch approach | 12 December 09:30 - 11:00 hrs | Benelux – EIB Pavilion |
9 December 2019 | 17:00 - 18:00 hrs
COP 25 | Benelux-EIB pavilion | Madrid
The new Dutch Fund for Climate and Development (DFCD) enables private sector investment in climate adaptation and mitigation in developing countries and aims to increase the resilience of communities and ecosystems that are most vulnerable to climate change.
The fund is managed by a pioneering consortium of the World Wide Fund for Nature (WWF), SNV Netherlands Development Organisation (SNV), Climate Fund Managers (CFM), and is led by the Dutch Entrepreneurial Development Bank, FMO. It serves as a significant additional instrument in support of the Dutch Government’s efforts to contribute to the Paris Agreement and the United Nation’s Sustainable Development Goals (SDGs).
Join us, together with other governmental parties, investors, NGO’s, business leaders, and interested partners, to learn more about the opportunities of the fund. We look forward to introduce the consortium to you and to share the ins and outs of this promising new instrument for climate finance.
Speakers:
For more information, please visit: www.thedfcd.com
As FMO is working towards a portfolio that is aligned with a 1.5-degrees pathway, the first question we aksed ourselves was: What is FMO’s fair share of the global carbon budget? To answer this question our first technical paper presents a methodology for a financial institution to derive its own emissions reduction pathway in line with the Paris Agreement.
Once we knew which benchmark to compare ourselves against the second question we had was: How to assess GHG emissions from the full portfolio? Here the second paper outlines an accounting approach to measure absolute emissions (i.e. both generated and sequestered).
We wish to offer these two technical papers as contributions to the ongoing climate debate and hope they will contribute to further harmonization around methodologies and accounting approaches. We will continue to adjust our position as we learn, international standards develop and global negotiations advance. The GHG footprinting approach prepared by the Partnership for Carbon Accounting Financials has been a starting point for FMO and we fully support the current efforts to globalize the initiative.
As we share our research and thinking with the outside world more broadly, we hope not only to collect some new insights but also to inspire other investors and financial institutions to adopt an emission reduction pathway in line with the science of the Paris Agreement.
Both papers (1 Deriving a 1.5-degrees pathway for a financial institution | 2 Absolute GHG accounting approach for financed emissions ) are the start of FMO’s Paris journey through which we intend to advance our ability to measure absolute emissions and climate impact. Throughout our journey we actively engage with peers and important stakeholders. We are also a strong advocate of harmonizing accounting approaches. We will take a collaborative approach to further build and refine our GHG accounting methodology while we gain practical experience through our implementation efforts.
The papers are disclosed to spark discussion and inspire action.