The urgency and scale of the climate crisis calls for an unprecedented transformation to the ways we produce, move and consume. One of the key challenges in this endeavor is the need to make climate finance accessible and to mobilise private climate finance in order to support a systemic transition to low carbon and climate resilient development pathways.
The urgency and scale of the climate crisis calls for an unprecedented transformation to the ways we produce, move and consume. One of the key challenges in this endeavor is the need to make climate finance accessible and to mobilise private climate finance in order to support a systemic transition to low carbon and climate resilient development pathways.
Despite increasing awareness and commitment to combating the climate crisis, there is a substantial shortfall in the funding required to implement climate mitigation and adaptation measures. The gap exists on both the global and national levels, impacting efforts to transition to low-carbon economies, enhance resilience to climate impacts, and support sustainable development. The volumes of finance need to increase many times over to bridge the gap in funding needed to support a systemic transition to low carbon and climate resilient development pathways. This requires bringing new investors and types of finance, as well as using significant concessional finance in a more catalytic way to raise private sector capital.
There are huge challenges in mobilising Climate Finance in terms of systems-level barriers – relating to the quantity and quality of climate finance, as well as systems and distribution channels used to deliver it. There are also huge country-level barriers relating to policy, institutional, capacity, transparency and accountability structure sin recipient countries as well as the maturity of pipeline of investments.
In this session we will be hearing from DAI, Oxford Policy Management and Mott MacDonald who will be speaking about their organisation’s experience and methodologies in tackling this issue. This session is underpinned by the recently launched, “Accelerating Climate Finance – a view from UK-based specialist providers”, wherein the BEI Climate Finance Working Group outlined the role of climate finance across local, nation and transnational financing in supporting mitigation and adaptation efforts. This session will provide attendees with a unique insight into some of the work being undertaken by some of the UK’s leading organisations in this space.
