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The Progressive Policy Think Tank

The Path from Paris: The Implications of the Paris Climate Agreement for UK Policy and Business

Exploring the business and policy implications of the Paris Climate Agreement, featuring a keynote speech from Lord Deben, Chair of the Climate Change Committee.

Following two weeks of fierce negotiation and years of preparation, on 12th December 2015 195 countries signed the first ever universal agreement on climate change. But what does the historic Paris Agreement mean for policymaking in the UK, and how does it affect UK businesses and the finance sector?

With the Government soon to announce its statutory “fifth carbon budget” under the Climate Change Act, the independent Committee on Climate Change has advised a 57% reduction in emissions by 2028-32. Yet the Government has conceded it is off track to meet its 4th carbon budget (2023-27). Should its policy framework now be strengthened? If so, how?

At the same time the Paris Agreement poses both risks and challenges for businesses and the finance sector. How should climate risk – both the risk of climate impacts and the ‘transition risk’ of a world moving towards decarbonisation – be incorporated into business and finance decisions? How can ‘green finance’ be expanded? What is the coming regulatory agenda? And what are the new export opportunities for British businesses?

As well as Lord Deben, speakers include:

  • Olivia Darby, Chief Operating Officer, Capital, Science and Policy Practice, Willis Towers Watson
  • Paul Fisher, Deputy Head of the PRA and Executive Director, Supervisory Risk and Regulatory Operations, Bank of England
  • Jerome Glass, Deputy Director for Strategy, Department for Energy and Climate Change
  • Hugh Jones, Managing Director Advisory, the Carbon Trust
  • Zoe Knight, Managing Director, HSBC Climate Change Centre of Excellence
  • Nick Mabey, Chief Executive, E3G
  • Nick Park, Head of Policy, Centrica
  • Matt Sheldon, Head of Energy and Climate Change, CBI
  • Baroness Bryony Worthington, Executive Director, Environmental Defense Fund Europe
The event will also see the launch of the 2nd edition of IPPR’s report Known Unknowns: The hidden threats that climate risks pose to British prosperity.

Provisional programme

8.00 Breakfast

8.30 Chair’s Introduction: what was decided in Paris, and why is it significant?
Michael Jacobs, IPPR

8.40 Keynote: Lord Deben, Chairman, Climate Change Committee
The UK’s progress towards its 4th carbon budget – and the implications for the 5th

9.10 The policy agenda
  • Jerome Glass, Deputy Director for Strategy, Department for Energy and Climate Change
  • Nick Mabey, Chief Executive, E3G
  • Nick Park, Head of Policy, Centrica
  • Matt Sheldon, Head of Energy and Climate Change, CBI
  • Baroness Bryony Worthington, Executive Director, Environmental Defense Fund Europe
10.10 Coffee / tea

10.30 The business and finance agenda
  • Encoding climate riskOlivia Darby, Chief Operating Officer, Capital, Science & Policy Practice, Willis Towers Watson
  • Climate risk and financial regulation - Paul Fisher, Deputy Head of the PRA and Executive Director, Supervisory Risk and Regulatory Operations, Bank of England
  • UK Export opportunities - Hugh Jones, Managing Director Advisory, the Carbon Trust
  • Financing green investmentZoe Knight, Global Head, Climate Change Centre, HSBC
11.30 Coffee / tea / networking

12.00 Close
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