responsible financing for green growth - · pdf file green competitiveness –...

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Green Competitiveness –

responsible financing for

green growth Idar Kreutzer, CEO Finance Norway, June 15 2016

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Vision 2050 ecological footprint against business-as-usual

How many Earths do we use?

The global use of resources is not sustainable

2.3 Earths (BAU)

1.1 Earths (Vision 2050 )

0

0.5

1

1.5

2

2.5

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

Nu

mb

er o

f Eart

hs

Year

Carbon footprint

Cropland

Grazing land

Forest land

Built-up land

Fishing ground

2.3 Earths

Business-

as-usual

1.1 Earths

Vision2050

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The Tragedy of the Horizon: Once climate change becomes a

defining issue for financial stability,

it may already be too late.

” Mark Carney

Governor, Bank of England

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The Role of the Financial Sector

Transition to the

Low Emission

Society

Innovation

Resilient Societies

and the Value of

Prevention

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The Transition to the Low Emission Society

Responsible credit Infrastructure and

green bonds

Sustainable

investments

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Innovation

Seed Capital

Venture

Capital

Private

equity

Institutional

ownership

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Resilient Societies

The Value of

Prevention

The Value of Time

and Information

Public Private

Partnerships

Understanding Risk

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Norwegian Commission for Green Competitiveness

Job creation

+

+

Economic growth

Climate change

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Core areas for reduced carbon footprint

Transition of the

petroleum sector

Transport Sector –

Efficient and Zero

Emission

Clean Production

Technology

Climate Friendly

Agricultural Sector

Circular

Economy

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Core areas – competitive advantages

Aquaculture Renewable Energy sources Green Shipping

Carbon Capture and Storage Life Sciences Smart Societies

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Core areas – smart enablers

Access to expertise

Public procurement – Promoting green innovation

Electrification Smart and Clean Cities

Enabling the financial sector

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