There is no better way to spend a Monday night than joining one of B-Hive’s famous FIN AND TONICs in New York City! This time CO2Logic had the honor to be co-host for this memorable event. We had the pleasure of gathering at Flanders Investment & Trade’s beautiful space as our experts discussed the future of Sustainable Finance.

1. CO2logic
Credible Climate Action

2. www.co2logic.com
Introduction of our guest of honor, the Belgian Minister of
Finance, Johan Van Overtveldt
The Minister of Finance emphasized the
importance of finding a clear definition
of what sustainable finance truly means
and how more transparency between
institutions, practices and different
stakeholders will create more efficient
markets and help keep track of their
performance.
Brussels is currently ranked third for the
quality of its green finance behind
London and Amsterdam.

3. www.co2logic.com
Minister Van Overtveldt was followed by Arnaud Brohé of
CO2logic
“Our policy makers can make a big
difference in creating a more sustainable
world and lower the CO2 level by putting
a higher price on carbon, setting
guidelines to define what ‘sustainability’
and ‘green’ truly means in the financial
world and stopping wasting money on
trying to save stranded assets and
neglecting demand side policies and
measures.

4. www.co2logic.com
One of the focuses of the panel discussion turned out to be
the access to consistent data.
The panel discussion was moderated by
Satyajit Bose, Associate Director of
Sustainability of Columbia University and the
panel consisted of:
Hui Wen Chan - Vice President Corporate
Sustainability at Citi
Stephen Freedman - Head of Sustainable
Investing Solutions at UBS
James Martin - Executive Director at Morgan
Stanley’s Global Sustainable Finance Group
Amisha Parekh - Senior Product Strategist,
Sustainable Finance at Bloomberg LP
“So far, the expansion of sustainable finance
has largely been a reaction to a growing
investor demand. In the future, it will be a key
differentiator and success driver for Wealth
and Asset Managers,” Freedman believes.

5. www.co2logic.com

6. www.co2logic.com
We Are CO2logic.
We Want To Help You Calculate, Reduce and Offset Your CO2
 Pioneer and frequent
publisher in the
sustainability field
 10+ years experience in
over 25 countries across 4
continents
 Independent experts with
backgrounds in science,
engineering, finance, etc.
EXTENSIVE EXPERIENCE 200+ CLIENTS GLOBALLYAIMING FOR HIGHEST IMPACT
 CO2logic works with vetted
partners to ensure real impact
 At CO2logic we believe
sustainability work is effective
only with maximum
transparency
European Investment Bank

7. www.co2logic.com
Agenda
1. Sustainable, Responsible and Impact (SRI) Investing Is Growing Rapidly
2. Climate Change Challenge Is Nr 1 Risk
3. Climate Transition Risks Will Hit the Bottom Line Before Physical Risks
4. Energy Demand Will Outpace Energy Supply Investments in a 2 Degree Scenario
5. Carbon Pricing and ‘Additional’ Green Bonds Can Accelerate the Transition
6. Our 4 Recommendations to Policy Makers

8. www.co2logic.com
Sustainable, Responsible and Impact (SRI) Investing Is Rising
Fast in a Context of Growing Investors’ Concerns on Climate
Source: US SIF Foundation, Report on US Sustainable, Responsible and Impact Investing Trends 2016
Climate change is the most significant overall environmental factor in
terms of assets, affecting $3.5 trillion in assets, a trebling in value since
2014.
Shareholders concerned about climate risk filed 93 resolutions in 2016
and negotiated a number of commitments from the target companies.
Fossil fuel restrictions or divestment policies are also on the rise.
CDP and TCFD disclosure frameworks are gaining popularity and
influence regulatory initiatives in Europe.
SRI in the US more than Doubled Since 2012 Climate Change Is Decoupling from Traditional ESG
Every investor will have to take a stand on the climate change topic

9. www.co2logic.com
Source: Carbon Dioxide Information Analysis Center (CDIAC)
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
1800
1806
1812
1818
1824
1830
1836
1842
1848
1854
1860
1866
1872
1878
1884
1890
1896
1902
1908
1914
1920
1926
1932
1938
1944
1950
1956
1962
1968
1974
1980
1986
1992
1998
2004
2010
2016
Million
metric tons
of CO2
ppm
CO2
50% 50%
Arrhenius understands the
danger of rising CO2 level
to global temperature

10. www.co2logic.com
Climate Related Risks Are Rated by the World Economic
Forum As the Most Likely and Impactful (10 year horizon)
Source: Zurich – based on World Economic Forum, Global Risks (2018)

11. www.co2logic.com
Transition Risks Will Hit the Bottom Line Before Physical Risks.
The Transition Offers Numerous Business Opportunities.
Source: TCFD
Developing Low Carbon
Goods and Services
Become A Key
Competitive Advantage

12. www.co2logic.com
Stranded Assets Now: Governments Are Struggling to Keep
Coal, Oil and Nuclear Projects Running (all headlines are less than 4 weeks old…)
Source: Carbon Tracker Initiative, The Guardian, WSJ, Bloomberg, NYT, FoxBusiness and Fast Company
The transition will be painful for investors in fossil fuel:
$2.2 trillion planned investments in fossil fuel to 2025 at risk of becoming stranded assets
International
Climate
Commitments
International
Climate
Commitments
Clean Tech
Becoming Cost
Competitive
CCS Is Not
the Silver
Bullet
Reduction of
Fossil Fuel
Demand
Fossil Fuel
based Business
Models Are Not
Future-Proof
Stranded
assets

13. www.co2logic.com
Higher Carbon Prices Are Needed in Order to Halve Our CO2
Emissions by 2050 and Go Carbon Neutral Before 2100
Budget
Used
1800-2017
2,100
gigatons
CO2e
+1,000 gigatons
CO2e
Projected
Emissions*
Budget
Remaining
800
gigatons CO2e
Closing the 1,000 Billion Tons of CO2 Equivalent Gap…
Source: Carbon Dioxide Information Analysis Center (CDIAC)
* Including NDC submitted after Paris Agreement
Source: OECD/IEA 2017
…Requires Significantly Higher Prices on CO2
2 Degree Scenario
Possible Carbon Future
EffectiveCarbonPriceperTonneCO2e($US2016)
Paris Agreement Nationally Determined Contributions (NDCs)
Today 2030 2040 2050
200
150
100
50
0

14. www.co2logic.com
1 Year After US Withdrawal from the Paris Agreement, the
Case for Carbon Pricing is Widely Discussed
MARCH 17 2018
APRIL 25 2018
MARCH 6 2018
MARCH 7 2018
APRIL 3 2018
JUNE 06 2018
APRIL 9 2018
MARCH 21 2018 MARCH 24 2018

15. www.co2logic.com
Energy Demand Investments Are Critical to Meet the 2
Degree Scenario
Source: I4CE, Green Bond Research Program, based on data from IRENA 2017
Half of energy investments today
are in fossil fuel supply, having
declined from 60% in 2014
Energy supply investment remains constant, but shifts away
from fossil fuels. Investments in energy efficiency and low-
carbon technologies ramps up to almost $3 trillion in the 2040s
AVERAGE ANNUAL GLOBAL ENERGY SUPPLY- AND DEMAND-SIDE INVESTMENT IN THE 66% 2°C SCENARIOGLOBAL ENERGY INVESTMENT IN 2015 (USD)

16. www.co2logic.com
Green Bonds Market Is Booming, But Is It Really Green?
Source: Climate Bonds Initiative, 2018; FT, Bloomberg, Reuters
Labelled Green Bonds
Market Is Small but
Growing Rapidly…
…But Is It Really Green?
Do We Need Standards?

17. www.co2logic.com
Our 4 Recommendations to Policy-Makers
1) Don’t Waste Public Money on Trying to Save Stranded Assets
2) Put a (Higher) Price on Carbon (& Stop Subsidizing Fossil Fuels)
3) Don’t Neglect Demand Side Policies & Measures
4) Set Guidelines to Define What ‘Sustainable’ or ‘Green’ Means in the Financial World and
Encourage Disclosure  A good First Step Is to Support the Implementation of the EU
Commission Proposal for a Regulation on the Establishment of a Framework to Facilitate
Sustainable Investment and its 3 Main Goals:
(i) reorienting capital flows towards sustainable investments,
(ii) managing financial risks stemming from environmental challenges, and
(iii) fostering transparency and long-termism

18. www.co2logic.comYour CO2logic contact person
Arnaud Brohé, Phd
CEO US, CO2logic Inc.
Tel: +1 (646) 705 5395
E-Mail: arnaud@CO2logic.com
US Address: CO2logic Inc.
315 W 36th Street
New York, NY 10018, USA
EU Address: CO2logic SA/NV
Rue d'Accolaystraat 15-17
1000 Brussels, Belgium
Youtube:
http://www.youtube.com/watch?v=shn3dh7xfhw
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