More money than ever before, an annual average of $410 billion, was invested in low-carbon and climate-resilient actions during 2015 and 2016. But this is just a start – analysis by the IFC has identified that there is over $23 trillion in investment opportunities tied to the 2030 national pledges made as a part of the Paris Climate Agreement. There are still significant challenges in mobilizing the investment required to meet the potential of the Paris Agreement. Further, companies and financial sector actors are increasingly looking to better understand how to scale-up profitable investments to tackle climate change while also managing the related financial risks.
You are invited to attend a World Economic Forum webinar presented by Climate Policy Initiative and the International Finance Corporation on Wednesday, November 29, that will:
- Explain key climate finance jargon and acronyms, and put well-known figures (such as the $100 billion commitment by countries in the UNFCCC process) into context.
- Provide an overview of the current global markets—and potential for growth—in key climate business sectors such as renewable energy, green buildings, sustainable urban infrastructure and climate-smart agriculture, informed by IFC’s new report Creating Markets for Climate Business.
- Present findings from the Global Landscape of Climate Finance 2017, a global analysis which presents policy makers with the most comprehensive information available about the scale, key actors, instruments, recipients, and uses of finance supporting climate change mitigation and adaptation.
- Explain how businesses can take advantage of new business and financing models to scale up their climate-friendly investments.
When: Wednesday, November 29 at 11am ET/4pm GMT/ 5pm CET
To join from your desktop or mobile device, please click here.
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About the organizations:
The World Economic Forum, committed to improving the state of the world, is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas.
With deep expertise in policy and finance, CPI works to improve the most important energy and land use practices around the world. Our mission is to help governments, businesses, and financial institutions drive growth while addressing climate risk. CPI works in places that provide the most potential for policy impact including Brazil, Europe, India, Indonesia, and the United States.
IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector in developing countries. Since 2005, IFC has developed expertise in creating markets for climate business. In 2016/17 alone, IFC’s climate investments totalled $3 billion, covering 90 projects in 41 countries, and mobilized an additional $1.8 billion from other investors.