High enough and credible carbon prices will be essential to do so. But, they will not suffice to alleviate the financial constraints that inhibit investment decision. These constraints result from the intrinsic risks of low carbon investments in capital intensive equipment and infrastructure in a shareholder business regime: uncertainty concerning the upfront costs, the final markets, the prices of fossil fuels and the regulatory context of infrastructure sectors. Central bank policies can contribute to closing this gap – such as through Bangladesh’s green refinancing program which lowers the cost of capital for banks financing renewables and energy efficiency projects. Scaling up sufficient green finance can be achieved in the current economic context only if the low-carbon transition is perceived by mainstream (‘climate agnostic’) policy-makers as a contribution to delivering their mandate of growth, employment and stability. A redirection of savings towards low carbon infrastructure would reduce energy insecurity and support a more 'inclusive' growth; it requires the design of tools able to bridge long-term and short-term cash balances, to reduce investment risks of low-carbon projects to promote long-term productive investments vis-à-vis liquid assets and to diversify reserve currencies through the carbon assets. The side-event will convene experts to organize an open discussion between experts and practitioners about the implications of the involvement of central banks and institutions of the international financial governance in the low-carbon transition. 8:30 am - Arrival and welcome coffee Introductory Remarks\nJean Pisani-Ferry, Commissioner General for policy planning, France Stratégie What do we know about climate finance?\nNick Robins, Director, UNEP Inquiry Financing the low-carbon transition in an adverse context\nJean-Charles Hourcade, CIRED, France Moderator: Nick Robins, UNEP Inquiry\nRapporteur: Jorge Nunez, CEPS, Belgium Introductory keynotes Roundtable  Discussion Moderator: Pierre Ducret, CEO, CDC Climat, France\nRapporteur: Étienne Espagne, CEPII, France Introductory keynotes  Roundtable  Discussion Moderator: Jean-Charles Hourcade, CIRED, France Roundtable  Official launching of the France Stratégie/CEPII debate platform  “Financing the low-carbon transitions” Explanatory words: Nicolas Lorach and Étienne Espagne, France Stratégie/CEPII, France 1:00 pm - Snacks and drinks   France Stratégie\n18, rue de Martignac\n75007 Paris   France Stratégie est une institution autonome placée auprès du Premier ministre, France Stratégie contribue à l’action publique par ses analyses et ses propositions. Elle anime le débat public et éclaire les choix collectifs sur les enjeux sociaux, économiques et environnementaux. Elle produit également des évaluations de politiques publiques à la demande du gouvernement. Les résultats de ses travaux s’adressent aux pouvoirs publics, à la société civile et aux citoyens. Nous contacter Données personnelles et cookies 