AS IT HAPPENED: FII Institute’s ‘Don’t Forget Our Planet’ virtual conference

  • 6/26/2020
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The event will bring together a host of decision makers, financial leaders and innovators LONDON: The Future Investment Initiative Institute (FII-I) holds its second conference in a series of virtual events entitled “Don"t Forget Our Planet!” on Thursday. The event will bring together a host of decision makers, financial leaders and innovators who will be discussing a global 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.” ADVERTISING Ads by Teads Among the keynote speakers will be Saudi Arabia’s energy minister Prince Abdulaziz bin Salman and the FII-I chariman Yasir Al-Rumayyan. Follow Arab News" live updates below...(all times GMT) ------ 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 For investors, the data is clear: sustainable investments not only perform better than their unsustainable counterparts but are also more resilient to shocks. #ImpactOnHumanity pic.twitter.com/hgKYO0iBtb — Future Investment (@FIIKSA) June 25, 2020 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), Lord Adair 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 of Banking, Capital Markets and Advisory at Citi, 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 Saudi Arabia"s energy minister Prince Abdulaziz bin Salman, who says that while the priority right now is trying 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 Saudi Arabia 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. Wildlife extinction shows that we need to rethink how we value and connect with the planet as individuals, companies and investors – before it’s too late. #CallToImpact pic.twitter.com/fBzkwIkAiA — Future Investment (@FIIKSA) June 25, 2020 15:20 - Participants of the conference are asked to vote on this question...and the "No" came out on top in a 60-40 split. The question serves as the introduction to Dr. Jane Goodall, our next speaker. #LIVE: Participants of @FIIKSA"s Future Investment Initiative Institute"s "Don"t Forget Our Planet" virtual conference asked to vote on this question. What would your answer be? #ImpactOnHumanity https://t.co/pd0d4nPiDR pic.twitter.com/A6VUSJAIf3 — Arab News (@arabnews) June 25, 2020 15:15 - Next up to speak is Yasir Al-Rumayyan, the governor of Saudi Arabia"s Public 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.

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