Financing The Future: What Will It Take?

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Financing The Future: What Will It Take?

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An inspiring AND practical conversation about climate finance with Lord Nicholas Stern, IG Patel Professor, London School of Economics, and Mr. Axel van Trotsenburg, Managing Director of Operations, World Bank. Together, they will break down the big numbers into more manageable pieces, identify sources of finance and prototypes to be scaled, and examine the critical role of concessionality in incentivizing the scale needed. This is a must-see for those who are serious about scaling climate finance.

Speakers are listed below

00:00 Welcome! COP27 | Financing The Future: What Will It Take?
02:59 What is going to take?
09:35 Finance
13:59 Country Climate and Development Reports (CCDRs)
22:33 Moving quicker in climate action and finance
26:23 Public private partnerships
33:31 The support from the World Bank Group
37:10 Adaptation
40:39 Financing adaptation and mitigation
43:33 Closing remarks


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"I think we can find the financing with the necessary political will and that has to be generated by youth: because in the end, it is their future."

— Axel van Trotsenburg, Managing Director of Operations, World Bank

"This is not growth for its own sake. It does matter, but this is a new form, one that breaks the relationship between output activity on the one hand and destruction and the environment on the other. You ain't going to get to net zero by having zero output or zero population. That's not a good route, but you can get to net zero by breaking that relationship. And the young people demand it of us."

— Nicholas Stern, IG Patel Professor of Economics and Government, London School of Economics

"I am from Sudan and in Sudan, only 30% of the population have access to electricity and I know that the government has no capacity to actually access financing. We have already a debt of 64 billion, I think, and the only answer for that is to have policies that actually enable not only the public sector but also the private sector to access it and have projects for renewable energy access for people who don't have access to that."

— Nisreen Elsaim, Chair, UN Secretary-General’s Youth Advisory Group on Climate Change