We are pleased to announce that World Climate Ltd will partner with the Danish Ministry of Energy, Utilities and Climate to convene the Clean Energy Investment Forum (CEIF) in Copenhagen, Denmark on 22 May.
Current levels of investments in clean energy fall well below the level needed to deliver on the Paris Agreement and counter climate change. The IEA estimates that renewable energy will require $20 trillion of investment before 2050, with twice as much needed for investments in energy efficiency in buildings, industry and transport.
As host of the Clean Energy Investment Forum (CEIF), the Danish Ministry of Energy, Utilities and Climate will support G20 participants in taking an important step towards accelerating investment in clean energy solutions across the globe. The Clean Energy Investment Forum (CEIF) will be held as an official side event to the Clean Energy Ministerial (CEM), which will be be co-hosted by Denmark and Sweden in May, 2018.
“If we are to ensure a cleaner, more energy-efficient future, more capital must be funnelled into clean energy investments. It is imperative that we bring together potential investors in green energy projects, not only here in Denmark but also across the rest of the world – particularly in emerging economies such as China, Mexico, India and Indonesia. Clean Energy Investment Forum (CEIF) will help to build and stimulate investment around the world, and Denmark will lead the way as an example success story – for example, how the price of offshore wind farms has decreased because we organised the expansion in a cost-effective way that developers and investors trust,” said Lars Christian Lilleholt, Danish Minister for Energy, Utilities and Climate.
Focusing on concrete, actionable measures that accelerate investments in clean energy, the Clean Energy Investment Forum (CEIF) will serve as a platform for strengthening public-private collaboration in clean energy investment, and will present public-private partnerships that are currently being developed by the international P4G alliance ahead of the P4G Summit due to take place in October, 2018. At the same time, the Clean Energy Investment Forum (CEIF) will kick-start a new, dedicated CEM initiative on clean energy investment and finance.
More than 100 leading decision-makers from large private companies and public, financial and expert institutions have been invited to the Clean Energy Investment Forum (CEIF) with the goal of creating partnerships that will significantly accelerate investments in renewable energy solutions.
“Denmark is already one of the world’s leading countries in green technology, and for many years we have been successfully exporting initiatives such as inland and off-shore wind power solutions, to the rest of the world. We look forward to the Clean Energy Investment Forum (CEIF), which will help develop new business opportunities for Danish companies,” said Karsten Dybvad, Managing Director of the Confederation of Danish Industry.
Peter Damgaard Jensen, Managing Director of PKA and Chairman of the Institutional Investors Group on Climate Change (IIGCC), said: “As responsible investors, we are actively seeking new investment opportunities that generate returns for our members, while contributing to sustainable development and limiting the risks associated with investments in high-emission fossil fuels. PKA has positively experience of how public-private partnerships can reduce risks and open up investment opportunities in new markets and technologies.”
In addition to gathering world energy leaders, the Clean Energy Investment Forum (CEIF) will be a unique showcase for new Nordic technologies and business models, and will also be an opportunity for innovators to meet and network with ministers from the largest energy technology markets in the world.
The Clean Energy Investment Forum (CEIF) is supported by several institutional partners, including OECD, World Bank, European Investment Bank, P4G, International Energy Agency, UNDP, Institutional Investors Group on Climate Change and Global Green Growth Institute. Event partners are the Confederation of Danish Industry and World Climate Ltd
The Clean Energy Ministerial (CEM) brings together ministers and decision makers with the goal of sharing experience and best practice within sustainable energy solutions.
CEM focuses on practical cooperation and exchanging positive experiences in green solutions. The 9th meeting of CEM brings together energy ministers from G20 members, including some of the largest economies and CO2 emitters such as China, Germany, France, Russia, Saudi Arabia, Great Britain and the United States.
The Clean Energy Investment Forum (CEIF) will take place on Tuesday, the 22nd of May at Industriens Hus, Copenhagen, Denmark. Read the Ministry of Energy, Utilities and Climate’s official press release or register for more information.