Hosted by: New York University Development Research Institute (NYU DRI) and Sustainable Economic and Climate Development Initiative (SECDEV)
Overview:
The IPCC Report shows to keep 1.5ºC within reach, we need every tool available – both public sector policies and private sector market solutions – to transition to a decarbonized world. Join us for a panel discussion on ‘Carbon Markets and Mechanisms’ and a Fireside Chat on ‘Mobilizing Capital to Implement the EU Green New Deal.’
*The in-person event is only open to NYU community members (faculty, students, staff). Attendees will be required to present a current NYU ID card and Violet Go pass for entrance.*
Program:
10:00am–11:20am Session 1: Carbon Markets and Mechanisms
Join us for a panel discussion where experts discuss the various private sector tools ranging from a high-integrity voluntary carbon market to tradable indices to help mobilize urgently-needed capital which can complement public sector climate policies. We will also hear how a carbon tax could be an effective public sector tool to reduce and remove greenhouse gas emissions from our atmosphere.
Welcome Remarks by Rajeev Dehejia, Professor of Public Policy and Professor of Economics and Co-Director Development Research Institute, New York University
Speakers:
Madelyn Antoncic, Senior Fellow, NYU Development Research Institute; Director, Sustainable Economic and Climate Development Initiative (Moderator)
Nicholas Godec, Head of Fixed Income Tradables, S&P Dow Jones Indices
Bob Litterman, Partner & Chairman of the Risk Committee, Kepos Capital
Annette L. Nazareth, Senior Counsel, Davis Polk & Wardwell; Chair, Integrity Council for the Voluntary Carbon Market
11:20am–11:30am Break
11:30am–12:30pm Session 2: Mobilizing Capital to Implement the EU Green New Deal
Join us for a fireside chat with European Investment Bank (EIB) Vice-President Ambroise Fayolle where he will discuss the EU Green New Deal and how the EIB and the European Fund for Strategic Investments use public funds to mobilize private investments to finance strategic investments focused on the environment (including biodiversity), climate action and the circular economy.
Speakers:
Madelyn Antoncic, Senior Fellow, NYU Development Research Institute; Director, Sustainable Economic and Climate Development Initiative (Moderator)
Ambroise Fayolle, Vice-President, European Investment Bank
Speaker Biographies:
Madelyn Antoncic, Senior Fellow, NYU Development Research Institute; Director, Sustainable Economic and Climate Development Initiative (Moderator)
Madelyn Antoncic is a Senior Fellow, New York University Development Research Institute and Director, Sustainable Economic and Climate Development (SECDEV) Initiative. She is a Member of the Board and Risk Committee of ACWA Power, KSA, and of the Board of S&P Global Ratings; and serves on the Editorial boards of the Journal of Risk Management in Financial Institutions and the Journal of A.I., Robotics & Workplace Automation. She was Senior Advisor to UNCTAD on SDG reporting; is former World Bank VP and Treasurer; and former CEO of SASB. She is known for her leadership in financial innovation and implementation of national climate-related disaster risk reduction and mitigation structures to help countries mitigate and transfer to the markets climate-related disaster and other risks. She has held leadership roles in large complex global financial institutions for over 30 years, having begun her career as a Federal Reserve economist. She is widely published on ESG issues and is an internationally recognized expert on risk and ESG; a frequent speaker at various fora including at the UN General Assembly SDG Biz Forum Plenary; and the subject of graduate school case studies concerning the Great Financial Crisis. She is the recipient of numerous awards; was listed among the 100 Most Influential People in Finance; and among the top thought leaders helping shape accounting in 2020 and beyond. She holds a Ph.D. in Economics, a minor in Finance from NYU and was an Alfred P. Sloan Foundation Doctoral Fellow.
Ambroise Fayolle, Vice-President, European Investment Bank
Ambroise is responsible for climate action and environment, development policy and oversees EIB’s activities in France, Germany, and countries in Africa. Prior to joining EIB Ambroise was Executive Director for France at the Boards of the IMF and the World Bank, Washington D.C., the only ED holding both positions simultaneously. He is the former Chief executive at Agence France Trésor, Ministry of Finance, Paris; Assistant Secretary for Multilateral Affairs and Development, Department of the Treasury, Ministry of Finance, Paris; and Co-Chairman of the Paris Club and G8 sous-sherpa where he previously served as Secretary General and Vice Chairman of the Paris Club. He has extensive experience in development policy across emerging economies, most particularly in Africa. He holds a Law Degree from the Université de Paris, Sorbonne and is a graduate of ENA (Ecole Nationale d’Administration).
Nicholas Godec, Head of Fixed Income Tradables, S&P Dow Jones Indices
Nick Godec is Head of Fixed Income Tradables at S&P Dow Jones Indices (S&P DJI), covering S&P DJI’s global fixed income tradables business, which includes key investable indices in the global bond markets. Previously, Nick was a Product Manager at IHS Markit covering the company’s tradable indices, including OTC and exchange-listed derivatives and the development of indices for exchange-traded funds. While at IHS Markit, Nick led the launch of the first-of-its-kind global carbon credit index. Before joining IHS Markit, Nick was an index research analyst at Bank of America Merrill Lynch, which is now a part of the Intercontinental Exchange. Nick is a CFA charterholder, a CAIA charterholder and holds a Certificate in Investment Performance Measurement (CIPM). Nick has an MBA from Columbia Business School, graduating with Dean’s Honors, as well as a bachelor’s degree from Columbia University. In his spare time, Nick enjoys reading and writing, skiing, playing tennis, mountain biking, and will never say no to a game of table tennis.
Bob Litterman, Partner & Chairman of the Risk Committee, Kepos Capital
Bob Litterman is a founding partner of Kepos Capital and the Chairman of its Risk Committee. Prior to founding Kepos Capital in 2010, he enjoyed a 23-year career at Goldman Sachs & Co., where he served in research, risk management, investment, and thought leadership roles. He researched and published groundbreaking papers in asset allocation and risk management during his tenure at Goldman Sachs. He is co-developer of the Black-Litterman Global Asset Allocation Model. He is serving or has served on the board of Commonfund, Niskanen Center, Options Clearing Corporation, Resources for the Future, Robert Wood Johnson Foundation, the Sloan Foundation, Woodwell Climate Research Center, the CFTC Climate Related Market Risk Subcommittee, and others. He holds a Ph.D. in Economics from the University of Minnesota and a B.S. in Human Biology from Stanford University.
Kepos Capital, founded in 2010, is a registered investment adviser based in New York City. They manage over $2 billion in assets for a global, institutional investor base. Their investment strategies span from systematic macro to carbon transition and carbon allowance markets. Their models seek to deliver returns that are lowly correlated to broad market indices and other investment programs, and they continually evaluate and improve their process in response to new findings, changes in market conditions, and industry competition.
Annette L. Nazareth, Senior Counsel, Davis Polk & Wardwell; Chair, Integrity Council for the Voluntary Carbon Market
Annette L. Nazareth currently serves as the Chair of the Integrity Counsel for Voluntary Carbon Markets (IC-VCM), the governance body launched by the Taskforce on Scaling Voluntary Carbon Markets, where she served as Operating Lead. She is a Senior Counsel at Davis Polk & Wardwell, where she previously headed the firm’s Washington, DC office and led the firm’s Trading and Markets practice within the Financial Institutions Group. Annette was a key player in U.S. financial services regulation for nearly a decade, having served as a Commissioner of the U.S. Securities and Exchange Commission and as the Director of the Division of Trading and Markets. Earlier in her career she had senior legal roles at several investment banks. She received her AB from Brown University and a JD from Columbia Law School.