When it comes to climate change, we know the ‘what’: the enormous challenge and cost of limiting the rise in global temperature to below 2 degrees Celsius by the end of the century. But we still need to drill down on the ‘how’: how will we achieve this goal within the financial limitations that we face?
The public sector alone cannot address the huge climate finance gap. Private finance must be part of the solution. The good news is that responding to the climate crisis can involve significant investment potential, and the annual Innovate4Climate (I4C) event – this year held from May 22 to 24 - is the place to capture the pulse on climate investment, climate finance and climate markets.
In 2016, IFC estimated that the national climate targets of 21 emerging market economies alone represent $23 trillion in investment opportunities, further driving innovation and financing to support low-carbon industries and greener jobs growth. This year at I4C, business, finance, policy and technology leaders will gather to discuss innovative approaches to mobilizing climate finance to achieve those targets.