E3G invites you to a London Climate Action Week event on the geopolitical risks to the integrity of the international financial system – and what they mean for financing the transition to climate safety.
The Russian invasion of Ukraine and the sweeping sanctions imposed in response have sent shockwaves through the international financial system.
Multilateral cooperation on climate and finance has been called into question.
Russia, China and India have taken steps to reduce their exposure to the US dollar in their bilateral trade and investments, particularly for energy. China has renewed discussions about establishing a ‘BRICS+’ alliance designed as an alternative to the G20.
Is the financial system at a historical inflection point? What will further fragmentation of the global financial architecture mean for both public and private finance for the transition to climate safety?
Join this LCAW panel to discuss the geopolitical consequences of weaponising the financial system, and the impact it might have on our ability to finance the transition to net zero.
Chair: Ronan Palmer, Programme Lead, Clean Economy, E3G
Sony Kapoor, Senior Associate, Clean Economy, E3G
Mona Ali, Associate Professor of Economics, State University of New York – New Paltz