11 December 2007 | COP 13 – Bali, Indonesia

On December 11th, the UNEP FI Climate Change Working Group launched its latest CEO Briefing at COP 13 in Bali. “Carbon Crunch: Meeting the Cost“, analyses the most recent studies on the cost of climate change, the benefits of early mitigation- and adaptation-action, and the investment and finance flows required to meet the upfront cost. At this official side event the below panelists discussed the status quo and the next steps needed to better align mitigation and adaptation objectives with the economic performance targets of financial institutions; be it insurance companies developing climate related risk transfer instruments, institutional investors assessing the carbon footprint of their investee-companies or project financiers embracing the flex-mex opportunity.