GreenTec’s Thomas Festerling at SUSCO Budapest 2018

Budapest (Hungary), October 2018. Last week GreenTec Capital CFO Tom Festerling was in Hungary for the 5th East-Central European Conference on Sustainable Development on October 11th, 2018 at the Eiffel Palace in Budapest. Tom participated as a guest speaker and panelist on the topic “Barriers and Solutions: Looking for a way out? Or a way of living?”

The SUSCO BUDAPEST 2018 – Environmental Migration – conference discussed issues on global climate-induced migration, understanding links between environmental constraints and social responses. It pointed out the current changing environmental conditions around the globe and highlights the most affected regions, while searching for answers to questions, such as: “which are the interlinkages between human mobility and climatic factors?”

The first panel was focused on the challenges the world is facing and focusing on research and statistics of the connection between climate change and migration. One common opinion was that we will not turn around climate change in the next years, but that we have to deal with the effects of it and be prepared.

Thomas joined Dai Yamawaki, Environment and Climate Change Professional, FAO and Sid Vollebregt, Managing Director, Elemental Water Makers B.V. on the ‘Barriers and solutions. Looking for a way-out or a way of living?’ Panel, which was moderated by Christina Catherine Krause, Coordinator for Migration and Refugee Policy, Konrad-Adenauer-Stiftung. The panel focused upon technological, economic and cultural barriers, and possible solutions which are adapting to rapid environmental change. Best practices and adapted solutions will be listed as persuasive arguments for political and institutional investments and interventions.

Tom presented GreenTec’s perspectives on investment in Africa, particularly the necessity to bring technology in Africa’s value chains to create sustainable businesses that also create jobs. Many of the innovative businesses in Africa are also tackling climate change challenges and have therefore an even more significant impact – on the environment and the economy. Tom’s messages fit well into some topics which also Italians former foreign Minister Franco Frattini mentioned in his opening speech: Instead investments in fences and borders or in the traditional development aid, there should be investments made in the local economy, in particular the private sector.

We were very grateful to be invited and that we could make some new connections with likeminded people and organization from all of Europe.

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