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UNEP FI Side Event: United Nations Framework Convention on Climate Change (UNFCCC) Eighth Conference of the Parties (COP 8)

30 October 2002 | New Delhi, India

Key Documents

Overview

With ratification of the Kyoto Protocol expected later in 2003, the climate change community is already looking ‘beyond Kyoto’ to the long-term international political framework essential for climate stability. The UNEP FI Climate Change Working Group (CCWG) hosted a side event to the United Nations Framework Convention on Climate Change (UNFCCC) Eighth Conference of the Parties (COP 8) which allowed open discussion on the question of: ‘What next?’ The event commenced with formal presentations from members of the CCWG (see below), followed by a constructive panel discussion facilitated by Paul Clements-Hunt, Head of UNEP FI. Coming off this successful event in New Delhi, the CCWG is well positioned to implement the ‘next steps’ detailed within its newly released study on climate change and the financial services industry. The formation and mobilization of three task forces will constitute the way ahead for the group. These task forces include:
  • an awareness raising group of senior finance sector executives to inspire financial companies to engage on climate change;
  • a project team to develop an asset management methodology that will capture climate change implications; and
  • a team to develop a project finance methodology integrating climate change into the process.
In addition, the group will play an active role in the organisation and implementation of future insurance workshops related to climate change in the coming months.

Presentations