COP 28 Side Event | Financing the Future: How should big banks respond to the climate crisis?
Since the Paris Agreement, USD 5,500 billion has been channelled into fossil fuel companies from the 60 largest banks in the world. One of these banks, Danske Bank, has now drawn a line in the sand: they will no longer give loans to companies expanding their fossil fuel production.
Fossil fuels are undeniably the biggest driver of climate change. Devastating weather extremes remind us of the dire reality of the climate crisis affecting millions worldwide. These changes also affect the economic system, exposing banks to climate financial risks. But how should big banks respond to the climate crisis, and what is the role of COP 28 and national governments in regulating the banking sector?
At the Danish Pavilion, this COP 28 side event aims to inspire the financial sector, civil society, and regulators by highlighting opportunities, challenges, and lessons learned for redirecting financial flows away from fossil fuels.
Upcoming events
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Natural Solutions for Water Security: Canada's Policy Path Forward
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2026 Investment Policy Forum
The 17th edition of IISD's Investment Policy Forum will take place from September 16 to 18, 2026, in Dar es Salaam, Tanzania.
Unpacking National Investment Laws: Dispute settlement
Join IISD and UNCTAD for a webinar on May 7 as we explore key findings and recommendations from two recent publications on national investment laws and their investor–state dispute settlement provisions. A panel of experts will discuss the risks posed by dispute settlement provisions in investment laws, emerging good practices, and the urgent need for coherence between domestic legal frameworks and international treaty reform efforts.