Dr. Fatih Birol

International Energy Agency

Executive Director

Dr. Fatih Birol has served as the Executive Director of the International Energy Agency (IEA) since September 2015. Under Dr. Birol’s leadership, the IEA has undertaken its first comprehensive modernization program since its creation in 1974. This effort focuses on three pillars: opening the doors of the IEA to include major emerging countries, broadening the IEA’s energy security mandate, and making the IEA the global hub for clean energy technologies and energy efficiency. Prior to his nomination as Executive Director, Dr. Birol spent over 20 years at the IEA, rising through the ranks to the position of Chief Economist. He has been named by Forbes Magazine as among the most influential people on the world’s energy scene and was recognized by the Financial Times in 2017 as Energy Personality of the Year. Dr. Birol chairs the World Economic Forum’s (Davos) Energy Advisory Board and serves on the UN Secretary-General’s Advisory Board on “Sustainable Energy for All.”


Sessions With Dr. Fatih Birol

Wednesday, 3 March

  • 09:45am - 10:15am (CST) / 03/mar/2021 03:45 pm - 03/mar/2021 04:15 pm

    Plenary

    Climate Action & Finance

    Panel Finance & Investment/Trading & Risk Management Energy Transition/Climate & Sustainability
    Five years have elapsed since the Paris Climate Accord and since Mark Carney’s “Breaking the Tragedy of the Horizon” speech, which warned of the risks to financial markets from climate change. The climate policies of most governments still fall far short of delivering the emissions reductions required to achieve the Paris ambition of limiting global warming to well below 2 degrees C. Yet regulators and investors are increasingly pushing companies for “Paris-compliant” strategies and climate impact metrics. And money is flowing into ESG funds with climate as a high priority. How quickly will climate-related policies, physical risks, and transition and liability risks affect asset values? Does climate change pose systemic financial risk? Is the financial sector creating useful pressure policymakers and the public for climate action? Or is it getting ahead of reality and creating a potential bubble in “green” investments?