LONDON:The Future Investment Initiative Institute (FII-I) holds its second conference in aseries of virtual events entitled “Don't Forget Our Planet!” onThursday.
The event willbring together a host of decision makers, financial leaders and innovators who will be discussing aglobal green recovery plan as the world looks to recover from the damaging impact of the coronavirus (COVID-19) pandemic in a sustainable way.
Organizers say it will also discuss the role of technology and innovation in helping people and capital reconnect with “the one thing we must never forget about: The planet.”
Among the keynote speakers will be Ƶ’s energy ministerPrince Abdulaziz bin Salman and the FII-I chariman Yasir Al-Rumayyan.
Follow Arab News' live updates below...(all times GMT)
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17:45 - Well, that concludes our coverage of the virtual conference. We hope you found the talks informative and useful! For a wrap up of the day’s events, read Frank Kane’s summary here.
17:00 - Lord Adair Turner tells his panel that achieving a net carbon economy by 2050 is absolutely possible worldwide, and that green energy investment is an absolute must...
16:40
16:15 - We move on to the next panel which tackles what governments around the world need to be doing to sustainably recover from the current crisis -Brune Poirson, French Secretary of State, attached to the Minister of Ecological and Solidary Transition, talks about the need for a "Green Marshall Plan" (similar to that seen in Europe at the end of the Second World War), LordAdair Turner from the UK says huge investment in green energy is needed, which will lead to more jobs, and safer jobs at that.
In the US Jay Collins, vice chairman ofBanking, Capital Markets and Advisory atCiti, talks about the current failings of the private sector and how this has to change to harness the trillions of dollars that could be invested in greener energy solutions.
15:45 - Our next speaker is Ƶ's energy minister Prince Abdulaziz bin Salman, who saysthat while the priority right now istrying to mitigate the human cost of COVID-19, it does not mean countries don't have to or cannot still strive to achieve their sustainability goals.
He mentions the imminent announcement of a new solar energy project in the Kingdom as an example of Ƶ trying to set an example on transititioning to renewable energies. He says the Kingdom will "put their money where their mouth is" in terms to competing with renewable energy leaders on the global scale.
15:30 - Dr.Goodall citing the current COVID-19 pandemic lists cases of viruses spreading from animals to humans due to humanity’s lack of respect for the natural world. She believes it is time for a "new measure of success" given the opportunity the pandemic has given to reform how the world is run.
15:20 -Participants ofthe conference are asked to vote on this question...and the 'No' came out on top ina 60-40 split. The question serves as the introduction to Dr. Jane Goodall, our next speaker.
15:15- Next up to speak is Yasir Al-Rumayyan, the governor of Ƶ'sPublic Investment Fund and the chairman of the FII Institute, who makes a"call to impact" for a global sustainable recovery plan that will positively impact both people and the planet.
15:10 - We get to see a video welcome message, introduced byRichard Attias CEO of FII Institute, which talks about the challenges facing the world as it looks to tackle the problems of damage to the environment and the COVID-19 pandemic.
It says: “The crisis has made clear the cost of neglecting our environment. Fortunately, the way out of the recession lies in reconnecting with it. Sustainable recovery is not only desirable, but it is also more efficient in creating jobs, upgrading infrastructure and delivering financial returns. Nature-based solutions, meanwhile, create new avenues for growth, innovation and markets. We need to rethink how we value and connect with the planet as individuals, as companies and as investors.”
15:00 - And we’re up and running and ready to go!
14:50 - What is theFuture Investment Initiative Institute? According to the FII, itis a “new generation of global foundations that ensurethe world's brightest ideas find their way to materialize, scale and create a positive sustainable impact on humanity.”
14:40 - For a comprehensive list of speakers at the event, check out Arab News’ curtain-raiser story here:FII Institute hosting conference to inspire the development of a global green recovery plan
