FINANCING CLIMATE: TOWARDS A NET ZERO ECONOMY

Climate finance took the spotlight at COP28, as financial institutions made fresh moves to scale up their funding efforts. It is clear the sector plays a key role in supporting the just transition, which requires a system-wide rechannelling of trillions of dollars each year.

What mechanisms are being deployed to mobilise private investment and unlock the funds required for financing and co-financing of innovative green projects? And how can financial institutions reform to become bigger, better, and fairer?