CESS 2017

Overview

New climate regime was launched with the Paris Agreement December 2015. Korea has joined other countries to voluntarily submit its goal to reduce greenhouse gas emissions up to 37% of BAU til 2030. To successfully implement the Agreement it’s necessary for the advanced and developing countries to make a common effort. It is, however, critical for the advanced nations and international financial organizations to support developing countries in reducing their greenhouse gas emissions by providing finance as well as technical support. World Bank has been playing a leading role with diverse efforts and endeavors, and among its major projects there are financial support for reducing greenhouse gases, finding business opportunities in Green Growth, issuing Green Bond through the International Financial Corporation(IFC) as well as running the carbon market.

To promote the global transition to climate resilient and sustainable economies with low greenhouse gas emissions it’s essential to make a grand transition to renewable energies as well as to raise efficiency in using natural resources. We need in this process reviewing profitability of renewable energy businesses and seeking ways to apply new digital technologies to national-level energy policy.

Korea was situated ten years ago as the leading country in adaptation in climate change regime by highlighting Green Growth, but she suddenly became a target of criticism as one of the most passive countries in greenhouse gas reduction among OECD member countries. Sooner rather than later Korea should write a roadmap to implement the Paris Agreement with detailed action plan. And she must be prepared to do her proper role in climate finance market which becomes activated in new climate regime. Companies concerned as well should become more proactive in finding new business opportunities in this regard.

Public and private sectors in Korea should make a joint effort in designing a grand strategy for low carbon-based national energy supply system, and at the same time further serious efforts must be made for domestic energy companies to adapt themselves to a national-level energy transition and find their own business models.

KEY THEME

Energy Transition Strategies in the New Climate Economy

SAMPLE AGENDA

- Risk and Opportunity in the New Climate Economy
- Energy Transition Strategies in the New Climate Change Regime
- Financing Adaptation and Resilience: How to make Climate Finance work?
- Can Green Finance Change Fossil Fuel-based Energy Policy?
- Carbon Trading in the International Market Mechanism
- How much expandable is the Green Bond?
- How to apply Fintech to the Climate Finance and Expansion of the Green Bond?

VENUE

When: September 28, 2017 (Thursday) 09:00~18:30
Where: Four Seasons Hotel, Seoul

HOSTING ORGANIZATIONS & SPONSORS

CO-HOSTING ORGANIZATIONS

Climate Change Center, Korea & eToday Media
sponsored by the Korean Government’s Ministry of Industry, Trade and Energy, Ministry of Environment, and Financial Services Commission, and Seoul Metropolitan Government

LEAD SPONSORS(tentative)

POSCO, KEPCO, Hanwha Group, Korea Development Bank

Supporting Partners

GS Caltex, Korea Gas Corporation(KOGAS), Korea National Oil Corporation(KNOC), Korea Hydro and Nuclear Power Co.(KHNP), Samchully Energy, Export-Import Bank of Korea, National Pension Service

Associate Sponsors

Korea Energy Agency, Seoul Metropolitan Government, Korea Energy Economics Institute, Green Foundation