The Power to Transform: Leveraging Sustainable Finance for the Energy Transition
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The IFC at COP26 | The Power to Transform: Leveraging Sustainable Finance for the Energy Transition
For the world to be on track for limiting global warming to 1.5 °C compared to pre-industrial levels, annual investments in clean energy projects and infrastructure will need to rise to nearly US$4 trillion by 2030. A large majority of this increase will be required in Emerging Markets and Developing Economies (EMDEs) and necessitate a multifaceted approach including changes to the in-country regulatory/legal enabling environment, concerted public-private collaboration as well as technological, commercial and financial innovation.
This event will focus on financial innovation which is particularly central to unlocking private capital to support the energy transition in developing economies and reduce the cost of capital. As part of a panel discussion, private sector leaders, investors and financiers will discuss how innovative financial instruments, such as sustainability-linked financings or other sustainable finance instruments, can help in this context. The panel will also share lessons learned to date, review market trends and discuss the risks of “green washing”.
* For technical reasons, COP26 events are expected to start approximately 15 minutes later than the set time, as we are broadcasting live from Glasgow.
As COP26 takes place in Glasgow, UK, the clock is ticking for high-impact climate action to deliver on the promises of the Paris Agreement. World leaders and national delegations, representatives from businesses, civil society and youth are gathering to tackle the climate crisis. See the full program.