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”. Learn more: [ Ссылка ]
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. The World Bank Group will be there, taking part in key discussions over the two weeks. Join us! [ Ссылка ] #climateactionwbg
ABOUT THE WORLD BANK GROUP The World Bank Group is one of the world’s largest sources of funding and knowledge for low-income countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development. [ Ссылка ]
