How to reengineer financial markets to deliver on Paris Agreement goals? Insights from the EU
As the European Union is financially preparing itself to deliver on its international environmental commitments, such as the Paris Agreement and the Sustainable Development Goals, it formed a High Level Group on Sustainable Finance to advise on a deep sustainability reengineering of its financial system. The Group delivered its final recommendations on 31st January 2018 and the EU has pledged to table legislation as early as March this year to address reasons why finance is currently failing sustainability. Reforms across the entire investment chain will include the creation of a European Green Bond standard and label, the clarification of investor duties, the requirement for informed consent of retail investors on sustainability issues, the upgrading of climate risk disclosure rules and mandating European Financial Supervisory Authorities with the promotion of sustainable finance. Caroline will present the Group's main findings, recommendations and plans for regulatory reform of the European financial regulatory framework.
Since March 2015, Caroline Lambert is the European Union's Climate and Environment Counsellor in Australia. Before being posted to Australia, Caroline worked for five years in the private office of the European Commissioner for Climate Action, Connie Hedegaard, where she advised on financial, trade and taxation matters and adaptation policy. Caroline entered the European Union's civil service in 2000 and initially worked in the Energy, Transport, Communications and Budget Departments. Early in her career, Caroline did strategic communications and public affairs work in the energy and environment sector for European businesses and commodities. She holds a post-graduate diploma in European Political Science from the College of Europe (Bruges, Belgium) where she was awarded first prize of the year. She has a MA with highest honors in International Relations, Economics and Law from Sciences Po Paris and graduated in International Economics from Paris X University.