DOLOMITE CONFERENCE ON THE GLOBAL GOVERNANCE OF CLIMATE CHANGE
DOLOMITE CONFERENCE ON GLOBAL GOVERNANCE OF CLIMATE CHANGE
ON THE ROAD TO SHARM EL-SHEIKH
THE END OF THE ZERO-SUM GAMES
Bolzano - Trento
Castel Firmiano - Castello del Buonconsiglio
20-21-22 OCTOBER 2022
All of a sudden we were seeing a problem that people had thought was going to be a hundred years away coming within the next generation” – Dr. Jill Jager, 1985 (at the Villach Meeting resulting in the decision to establish the IPCC)
Over recent years, the consequences of climate change are no longer abstract. Many countries are suffering from catastrophes compounded by climate change such as tropical storms and monsoon rise. Not to mention the threats related to the sea-level rise caused by melting ice caps that risks to devastate small island states and entire cities in low-lying areas.
In fact, 2020 was the hottest year in history, notwithstanding the sharp deceleration of human activities due to the COVID19 restrictions; 2021 signposted a new record as far as emissions of CO2; in 2022 an extremely hot summer and unprecedented drought in Europe and China has made climate change become part of the ordinary lives of hundreds of millions of people and swept away all remaining doubts: something big is happening as was forecast by scientists 35 years ago.
Vision and its partners are convening a three-day meeting on the 20th – 22nd October where fifty visionary intellectuals, policy makers, entrepreneurs, journalists and historians, from USA, China, Europe, India, Egypt will gather to start a discussion on how to win a battle we cannot lose and how to reform global governance instruments so that they may adapt to 21st century conditions. We are convinced that highly complex questions like “the global governance of climate change” pose an intellectual and political challenge that need the usage of different skills and professional backgrounds to share problem solving and find a common language.
The major distinctiveness of the conference will be that it intends to be a proper problem-solving place: the objective is, thus, to work – within the annual conference, but also via several brainstorming web sessions to be held between events – as a lab where radical and yet pragmatic ideas may emerge. We will convene a very pluri-disciplinary group of participants because we are convinced that the nature of the question requires us to go beyond the logic of purely relying on specialists. We will also make sure that the conference revolves around problems to be solved in working groups and plenary discussions whose conclusions will be reported by the chairs and introducers of the various sessions. The entire work will be coordinated by VISION and follow a methodology that Vision is successfully applying to the sister cycle of conferences titled “Conference on the Future of Europe” in Pontignano (Siena).
The first conference on climate change is organised with the scientific partnership of Bocconi University, Politecnico of Milano, Ca’Foscari University in Venice. The main corporate partner is AXA. Our locality partners are A22 - Autostrada del Brennero, Provincia Autonoma di Trento, Provincia Autonoma di Bolzano.Other corporate, scientific and media partner are confirming their participation. The project is increasingly becoming the platform to feed fresh ideas COP 27 and the following UN meetings.*
The event is going to take place in the iconic locations of Castel Firmiano - Messner Mountain Museum in Bolzano and Castello del Buonconsiglio in Trento.
Chairs of the conference are Stefania Giannini (UNESCO Vice Director and former Italian Minister of Education), Enrico Giovannini (Italian Minister for sustainable infrastructures and mobility), Bill Emmott (Chairman of the Trustees of the International Institute of Strategic Studies and Former Editor of The Economist) and Alexandra Borchardt (Head of Journalism Innovators Program Hamburg Media School).
Among the participants: Karen Burns (CEO, Fyma), Sony Kapoor (CEO of the Nordic Institute for Finance, Technology and Sustainability; Professor of Climate, Geoeconomics and | Finance the European University Institute), Sharmini Peries (Editor and Vice-President of Communications, Institute for New Economic Thinking), Robert Tyler (Senior Policy Advisor at New Direction), Maja Groff (Convener of the Climate Governance Commission), Cliff Prior (CEO of the Global Steering Group for Impact Investing), Rossella Miccio (President of Emergency, ONLUS NGO), Giacomo Gigantiello (CEO AXA Italia), Francesco Grillo (Director at Vision Think Tank), Roberta Benedetti Del Rio (Generation Investment Management), Carlo Costa (General Technical Director of Autostrada del Brennero S.p.A.), Giulia Bartezzaghi (Director of the Food Sustainability Lab at the School of Management of Politecnico di Milano), Claudio Spadacini (Founder and CEO, Energy Dome), Massimo Tagliavini (Professor at the Free University of Bozen- Bolzano; Italian Association of Agricultural Scientific Societies), Malaika Vaz (National Geographic Explorer, Presenter and Filmmaker), Rohinton P. Medhora (Distinguished Fellow and former President, Centre for International Governance Innovation, Canada), Marco Grasso (Professor of Climate Governance, Politics and Ethics, Bicocca University), Giovanna Melandri (Human Foundation/Social Impact Agenda), Erik Berglof (Chief Economist Asian Infrastructure Development Bank), Matteo Smerlak (President of Global Peace Dividend) and many more.
To attend the Conference, please contact Clara Donati (This email address is being protected from spambots. You need JavaScript enabled to view it.).
*The conference agenda and partnership will be updated. We ask everybody to check the website for the latest layout.
HOW CAN WE MAKE THE WORLD GREENER WITHOUT REDUCING ECONOMIC GROWTH? WHICH ARE THE MERITS AND LIMITS OF DIFFERENT TECHNOLOGIES/ ENERGIES?
The perceived trade-off between the cost of the environmental transition and the (much higher) cost of mitigating/ preventing the impact of climate change has been one of the elements that have oriented global actions to climate change policy. One preliminary reflection is, however, on whether this trade off unavoidable. The chart below seems to say that this is not the case.
The Great Green Transition will require huge investments and the development of a series of instruments catered towards regulating, nudging and incentivizing the transition. These investments however will produce innovation and economic growth if governments will choose to partner with private investors and individuals and the right incentive system will be engineered so that interests of different parties and of different generation can be carefully aligned.
There are three main macro areas where the economy and the green transition meet. First, investments in the green transition will avoid depletion of resources and thus enable the long-term resilience of all global production chains. At the most basic level, safeguarding resources will avoid the cost of a slow demise of obsolete industrial patterns.
Secondly, sanctions and nudging measures. These include carbon trading and those measures that make it more costly to pollute than to invest in green energy. The issue here arises on the instability and lack of global coordination on these measures. SDG can also be considered part of this macro area, with issues ranging from homogenous implementation of the indicator to effective monitoring and the possible collateral risk of creating bubbles of pushing investments away from industries that are currently very polluting but that exactly for this reason need the most investments.
Thirdly, the green transition opens up huge opportunities to invest in new technologies and riding the wave of innovation. Those who will be able to capitalize of these opportunities will probably be the leaders of tomorrow’s world order. In this matter, the issuing of green bonds by governments and the overview of how money from bonds is invested needs to be taken into consideration. In a similar way, enabling SMEs to develop and invest in sustainable solutions will also contribute to the economic sustainability of the transition. Loan guarantee programs could be an instrument to reduce interest rates and could be funded by green bond revenues.
Overall, while considering the possible instruments and solutions, we should keep in mind the sustainability of public debt and aiming at not penalizing future generations, as well as ensuring a fair transition also for developing countries.