Transforming the energy economy is a huge challenge and will require significant investment. The question of who will pay, and who will receive, needs to be addressed urgently. Commercial finance is a key sector in this context, and its actors will shape society’s chances of reducing absolute emissions to avoid the worst outcomes of the climate crisis. The themes which will be discussed during this walk include:
- Unequal distribution of drivers and impacts of the climate crisis
- Changes urgently needed to end financing for fossil fuel expansion and phase out finance for fossil fuels in line with credible 1.5 C pathways and respect for indigenous and human rights
- Role of commercial finance in the debt crisis, and how this intersects with the capacity of countries to respond adequately to the climate crisis
- The inadequacy of multilateral development banks in providing financial support for developing countries dealing with the climate crisis
WHEN: Thursday, September 21, 10:00 AM – 12:00 PM
WHERE: Meeting point is at the New York Public Library, 476 5th Ave, New York, NY 10018
The tour will be lead by David Williams (International Climate Justice Program, Rosa-Luxemburg-Stiftung) and Ernesto Archila (Rainforest Action Network).
There will be the opportunity for networking with refreshments at a café at the end of the walk. Starting point is the New York Public Library (watch out for the small red flag), the final destination will be a café close to the UN, and the total walking distance will be approximately 2 miles.
The event is co-organized by Rosa Luxemburg Stiftung New York Office and Rainforest Action Network.