Making green the colour of government money: how to fund net zero
Three quarters of governments around the world are committed to net zero – but many lack the fully developed plans to reach this target.
This session looked at how finance and public spending ministries can embed sustainability in how money is allocated and spent across government to make sure that progress is being made – and how they can decide on future projects in a way that builds green infrastructure, incentives and industries required to attract investment and change the behaviour of organizations and citizens.
This session covered:
- How governments are looking to fund the development of green infrastructure such as clean energy infrastructure.
- How finance ministries can develop tax and regulatory frameworks to ensure the wider economy moves to net zero.
- How government can work with private financial institutions and central banks to realign investments towards global net zero.
Panel
Mattias Frumerie, Climate Ambassador, Head of Delegation to UNFCCC, Climate Department, Ministry of Climate and Enterprise, Sweden
Mattias Frumerie is Sweden’s Climate Ambassador and Head of Delegation to UNFCCC. Previously, Mr Frumerie has held several positions within the Ministry for Foreign Affairs, including postings in Budapest and Brussels. Mr Frumerie has also worked as an EU advisor in the Prime Minister’s Office.
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Alessandra Sgobbi, Head of Unit, Climate Finance, International Affairs and Climate Finance, Directorate-General for Climate Action, European Commission
Alessandra heads the Climate Finance Unit of the European Commission’s Directorate General for Climate Action, supporting the reorientation of capital flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development.
Alessandra has extensive experience in international climate change negotiations, where she focused on adaptation and averting, minimising and addressing loss and damage, negotiating on behalf of the EU. She co-chaired the Adaptation Committee (2020-2022), the principal body providing expert guidance on adaptation and ensuring that adaptation is addressed coherently under the United Nations Framework Convention on Climate Change.
Before joining the European Commission, she was Environmental Affairs Officer at the United Nations Economic Commission for Africa, focusing on green and sustainable development in the continent.
An environmental economist with more than 20 years of experience in the research and policy domains, Alessandra holds a PhD in Analysis and Governance of Sustainable Development, School for Advanced Studies in Venice Foundation (Italy) and a M.Sc. in Environment and Resource Economics, University College London (UK).
Eili Lepik, Head of Green Reform Department, Ministry of Climate, Estonia
Eili Lepik is the head of Green Reform Department of Ministry of Climate in Estonia. Her team is responsible for the coordination of green transition. She also works on reducing the climate and environmental footprint of the public institutions by measuring the footprint and promoting value based, especially green public procurement for greening the public spending. Before joining the Ministry of Climate in October 2023 she was deputy strategy director at the Government Office Strategy Unit and lead the preparation and implementation of the national long-term strategy “Estonia 2035”. The implementation mechanism of the strategy links national long-term goals to the government’s strategic planning system and the state budget.
Webinar chair: Siobhan Benita, Facilitator, Global Government Forum
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.
