At the end of March, the European foundation for Transport and Environment published a list of European countries with the strongest drive to comply with the Paris Agreements  in the fight against climate change. The report reveals that only three countries pass (Sweden, Germany and France). Spain fails dismally and occupies 21st place out of 28.

The report shows the lack of commitment by European states, despite the unanimous agreement of the 195 countries taking part in the Paris summit to prevent average global temperatures rising by over 2ºC in relation with pre-industrial levels. Once again, the deeds contradict the words.

It is precisely in order to reverse this situation, and with the desire to speed up action on climate and to activate the investment required, that Innovate4Climate, Finance and Markets Week have been launched, to take over from other fairs such as Carbon Expo and Ecocity. This event, organized by Fira de Barcelona and the World Bank, will bring private investors and government representatives from different countries around the world together in the same place for four days (from 22 to 25 May). The reward is tempting: more than 23 billion dollars in potential sustainable investments until 2030. Then another 90 billion more in infrastructures.

The event is structured in three clearly differentiated parts: one summit over two days, a full programme of workshops and parallel events, and an exhibition space. Under the title “Unlocking the trillions”, the summit involves the contribution of more than 50 international speakers, who will debate the strategies for activating action on climate as quickly as possible. Among them, the participation of the CEO of the World Bank, Kristalina Georgieva, the founder of Bloomberg New Energy Finance, Michael Liebreich, and the CEO of Nespresso, Jean-Marc Duvoisin, and the director of Solar Impulse, Bertrand Piccard will be highlights.

The programme of parallel events and workshops will have around forty references while the marketplace will be represented by more than 30 exhibitor companies from the sectors of finance, carbon trading and clean energy, insurance companies, investment funds, NGOs and consultants who will present the latest strategies and technologies to improve sustainability in industries and cities and to lead the fight against climate change. Among them are companies such as Itaipu Internacional, Baker McKenzie, Gas Natural, Fluidra, or governmental bodies like the German Federal Ministry or the Energy Agency of Korea.

Within the exhibition space there will be a place where the exhibitors can display their products, as well as an interactive area for visitors and those taking part in the congress, students and representatives of private sector companies to exchange, debate and analyse the topics discussed in the congress.

All in all, it is an indispensable event that will set the agenda for the new global economy in the wake of the Paris Agreements and which must serve to start turning words into action.

  • Between 1880 and 2012, the average global temperature rose by 0.85 degrees centigrade.
  • Between 1901 and 2010, the average sea level rose 19cm due basically to the melting of the ice caps.
  • Since 1979 the Arctic Ocean Ice has shrunk by 1.07 million km2 each decade.
  • Given the current concentration and the continuous emission of gases, it is probable that at the end of this century, world temperatures will rise by 1.5 degrees centigrade.

 

*According to data from the UN Intergovernmental expert group on Climate Change

ALBERT SAS