High-Level Dialogue: Building Fiscal Resilience

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Thursday, 20 April 2017

This dialogue will focus on how the rapid development of decentralized sustainable low-carbon energy production—and policies that make it feasible—can enhance the investment value of money financial sector leaders, especially finance ministers, are responsible for.

Climate disruption is a macro-critical influence that changes all other areas of value exchange, by affecting the shape of the overall economy. Carbon Risk, for instance, encompasses:

  • devaluation risk for investments that rely on carbon-intensive practices;
  • disaster response risk for communities facing climate impacts;
  • nonlinear climate and economic threats to global food and fresh water supplies;
  • risk of instability in under-resilient financial institutions;
  • macro-scale devaluation risk, due to redirected spending and decreased growth; and
  • the risk of political destabilization of nation-states.

Effectively addressing macro-critical devaluation risk will enhance the productive capacity of any given dollar of investment, building fiscal health and resilience.

This convening will aim to put implementable strategies and actions on the table for future multilateral negotiations, so member countries are better positioned as key strategic partners in the global effort to build a durable prosperous low-carbon economy.


Previous dialogues have focused on the following themes:

  1. October 2015, Minneapolis — The Climate Action Opportunity
  2. December 2015, Paris — The Carbon Delta & Business Model Change
  3. April 2016, Washington — Assessing the Carbon Pricing Value Chain
  4. May 2016, Oslo — Evolving a Climate-Smart Financial Sector
  5. June 2016, Minneapolis — Achieving Macro-Critical Climate Resilience
  6. September 2016, New York — Climate, Peace & Security in the SDGs
  7. October 2016, Washington — Carbon Pricing as the Foundation for Future Value
  8. November 2016, Marrakech — Accelerating NDC Action

This dialogue, like those before, is convened under the Chatham House Rule, to allow for the most open possible sharing of information and brainstorming for innovative solutions.

The dialogue will be a moderated discussion that runs from 9:00 am to 11:00 am, on Thursday, 20 April 2017, prior to the annual High-Level Assembly of the Carbon Pricing Leadership Coalition.

All participants will receive a formal invitation from the co-conveners and a full Participants’ Brief outlining the issues to be explored.


Themes & Recommendations

Building on the work done in previous dialogues, we invite participants to input their key questions and best-practice recommendations in service of best-case outcomes in the following areas:

  • Minimizing future high-carbon dependency
  • Business models that empower decentralized entrepreneurial value generation
  • Policy options to build macro-critical resilience
  • Carbon pricing policies optimized to local economic needs
  • Sharing resources to maximize built-in fiscal resilience

Schedule for the Morning

  • 8:30 am — Doors open to Participants for coffee and pastries
  • 9:00 am — First hour of moderated discussion
  • 10:00 am — 15-minute coffee break
  • 10:15 am — Second hour of moderated discussion
  • 11:15 am — Dialogue is adjourned

Collaborations Emerging from the Dialogue Series

The following collaborative information-sharing efforts have emerged from the suggestions and requests of participants in previous dialogues:

To get involved in one of these collaborative information-sharing and reporting projects, please fill out the following form:


CO-COORDINATED AND HOSTED BY:

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In collaboration with
The Norwegian Nobel Institute


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About The CCEN Team

The Citizens’ Climate Engagement Network is a new global framework to support and expand direct citizen and stakeholder engagement in the intergovernmental climate negotiating process. It emerged from the Pathway to Paris project—with the support of Citizens’ Climate Education and Citizens’ Climate Lobby, in collaboration with the UN Millennium Campaign and the World We Want platform. The foundational structure was announced on October 25, 2015, during the Minneapolis 2015 Climate Action: Last Stop Before Paris, and the COP21 in Paris is the venue for its global launch. Everyone is welcome to participate in the shift to a thriving climate future.