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  • Davos 2021 as seen by DTEK. Sources to fund zero CO2 emissions
29 January 2021, Ukraine
Davos 2021 as seen by DTEK. Sources to fund zero CO2 emissions
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Davos 2021 as seen by DTEK.  Sources to fund zero CO2 emissions

Al Gore

Vice President of the United States (1993-2001), Co-Founder and Chairman, Generation Investment Management

  • Innovative technologies bring the solution of climate issues closer – energy (regenerating), automotive (electric cars) and other sectors of the economy are in a state of transition to "green" resources.
  • But it is not just business that is changing, the attitude of states and governments are changing too, which is confirmed by unprecedented statements of the new Biden administration on environmental policy. Also, in 2020, China, Japan, South Korea and other countries publicly announced their goal of carbon neutrality.
  • According to economic studies, investment in the new "green" economy create 2–3 times more jobs (also highly skilled) than investments in the old traditional sectors of the economy.
  • State promotion of green investments through new taxes (on CO2 emissions) in every country will not be efficient without a global agreement, as this affects competitiveness.
  • The goal of zero-emissions will always seem impossible until it is met.
  • Governments and businesses should look ahead and predict what the economy will look like in order to invest properly.
  • Air emissions are counted and more and more statistics will be accessible, as well as all major pollutants.
  • A new global coalition of technical and climate groups will bring together artificial intelligence and satellites to monitor real-time greenhouse gas emissions around the world.

Oliver Bäte

Allianz CEO

  • There is no need for more commitments, we need more fulfilment of already existing agreements and obligations.
  • Allianz established a special fund for investing in green projects a year and a half ago. Having started from scratch, this fund currently manages €5 trillion.
  • Why are Japan and Norway as countries declaring zero-emissions goals but their trillion-dollar pension funds are against it?

Mark Carney

UN Special Envoy for Climate Action and Finance

  • Wind power in the UK competes with traditional energy in prices even without pump priming.
  • Hydrogen is becoming part of the energy strategies in many countries and will be a major green investment destination in the future.

Werner Hoyer

President of the European Investment Bank (EIB)

  • It is strange when investors are looking for and do not see "green" projects, and projects are seeking money and cannot find investors.
  • We have arranged investments of over €1 trillion through green bonds.

Stephanie von Friedeburg

Interim Managing Director and Executive Vice President (MD EVP), and Chief Operating Officer (COO), International Finance Corporation (IFC)

  • There is a lack of "green economy" projects that are ready for investment, although the IFC has financial resources.

Virginijus Sinkevičius

Commissioner for the Environment, Oceans and Fisheries of the European Commission

  • Today, corporate information systems focus on financial results. But they do not in any way reflect the connection and influence of business on nature and other stakeholders.
  • The EU economic studies show that green investment generates stable investment in the long run and stimulates job creation.
  • Green Deal cannot be implemented in any way other than throughout the entire supply chain.
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