How Can ‘Green Fintech’ Help Tackle Climate Change?

Photo by Guillaume Falco from Pexels
February 8, 2022
Global
Fintech

Organised by:

Human activity is changing the climate in unprecedented and sometimes irreversible ways, according to the conclusions of a United Nations (UN) Intergovernmental Panel on Climate Change (IPCC) report published in August 2021. The report was described as ‘code red for humanity’ by UN secretary-general António Guterres.


The UN Climate Change Conference in November 2021 in Glasgow brought new ambition and targets as pressure builds on governments and other public sector authorities, as well as the private sector – including major financial institutions – to do more.

Increasingly, as the climate emergency becomes more urgent and the world becomes more digital, fintech solutions are gaining traction.

Government-led initiatives illustrating this trend in the UK have included the Financial Conduct Authority’s (FCA) first ‘Green Fintech Challenge’ (in 2019); the FCA and Corporation of London’s ‘Digital Sandbox’ initiative to accelerate innovation in environmental, social and governance (ESG) data and disclosures; and the UK’s Department for International Trade’s ‘UK ESG and Green FinTech’ mission to the US (September 2021).

Elsewhere in Europe, Switzerland’s government launched a ‘green fintech network’ in 2020 to help it identify and decide how it can improve its support for the sector.

At a global level, green finance is among six priorities in the Bank for International Settlements (BIS) Innovation Hub’s work programme for 2021-2022.

Specific initiatives/ projects include: the BIS Innovation Hub and Banca d’Italia (Bank of Italy) earlier this year launching the ‘G20 TechSprint 2021’ to highlight the potential for technology to tackle challenges in green and sustainable finance; the Monetary Authority of Singapore making ‘Harnessing Technology to Power Green Finance’ the theme of this year’s ‘Global FinTech Hackcelerator’; and the BIS Innovation Hub and Hong Kong Monetary Authority partnering six companies as part of a project to build prototype digital infrastructure that can ‘enable green investments and help issuers and governments to meet environmental and sustainability goals’ (‘Project Genesis’ – announced in August 2021).

In this Global Government Fintech webinar we will ask what governments and public authorities have done – and are doing – to encourage ‘green fintech’, both within their own borders and also internationally; and explore trends in the intersection(s) between government policy, technology and ‘green finance’.

#GreenFintech

Public servants can register here for free to attend this webinar

Time

USA/Canada Eastern Time (EST): 09:30 – 10:45
Greenwich Mean Time (GMT): 14:30 – 15:45
Central European Time (CET): 15:30 – 16:45
Eastern European Time (EET): 16:30 – 17:45
Singapore Time (SGT): 22:30 – 23:45
Australian Eastern Standard Time (AEST): 01:30 – 02:45

Panel

Christoph Baumann, Deputy Head Insurance & Sustainable Finance, State Secretariat for International Finance SIF, Switzerland

Christoph Baumann is Deputy Head of Insurance and Sustainable Finance at SIF. In this role, he represents Switzerland in various international fora, such as the G20 SFWG and the IPSF. He studied economics in Zurich, international law in London, and is both a CFA and FRM chartholder.

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Katherine Foster, Community Director, Open Earth Foundation and Social Alpha Foundation Fellow

Katherine is the Social Alpha Foundation Fellow, the Community Director of the Open Earth Foundation (USA) and a member of the BIS Project Genesis and of the ESMA FISC Working Groups. She is also the lead author of the UN Task Force Extended Dialogue Papers on BigTech Impact on sustainable development. A former Canadian Diplomat, she has been spearheading innovation at the nexus of technology, policy and sustainable development for over 25 years holding leadership roles at EU Climate-KIC, the Startup BLOC (MIT Solve Fellow),the Green Digital Finance Alliance (UNEP – Ant Financial NGO) and as Sherpa to the United Nations Secretary General’s Task Force on Digital Finance.  Katherine has been an active contributor to tech and innovation initiatives including the Blockchain Ethics Framework, the World Bank Blockchain Carbon Markets Pilot and the UNDP Accelerate 2030.  

Webinar chair: Siobhan Benita, former UK senior civil servant

Siobhan Benita was a senior civil servant with over 15 years’ Whitehall experience. She worked in many of the major delivery departments, including Transport, Environment, Health and Local Government. She also had senior roles at the heart of Government in the Cabinet Office and HM Treasury, including supporting the then Cabinet Secretary, Lord O’Donnell to lead work on Civil Service reform and strategy. Siobhan left the Civil Service to run as an independent candidate in the Mayor of London election. She subsequently joined her alma mater, Warwick University as Chief Strategy Officer of Warwick in London and Co-Director of the Warwick Policy Lab.