Deploying the Full Financial Toolbox to Deliver on the Goals of the Paris Agreement
- Dr. Werner Hoyer, President, European Investment Bank
- H.E. Dr. Rania al-Mashat, Minister of International Cooperation, Arab Republic of Egypt
- Ani Dasgupta, President & CEO, World Resources Institute
- Ambroise Fayolle, Vice President, European Investment Bank
A vast “climate investment gap” hampers the goals and ambition of the Paris Agreement. To close this gap, we need all hands on deck. Governments, the private sector, multilateral development banks (MDBs) and others must come together to scale climate-related and sustainable finance.
Progress is underway. MDBs endorsed joint efforts to align with the goals of the Paris Agreement and pledged to raise their annual climate action investment and mobilize private sector investors. The private sector has been committing assets to net-zero investing and various initiatives such as the Glasgow Financial Alliance for Net Zero. However, more effective mobilization is urgently needed to facilitate the transition to low-carbon, climate-resilient development pathways, particularly in developing and emerging economies.
Join World Resources Institute and the European Investment Bank on October 12th for a conversation with Werner Hoyer (EIB), Rania al-Mashat (Egypt), Ani Dasgupta (WRI) and Ambroise Fayolle (EIB).
We will discuss how to accelerate the Paris alignment of all financial flows to invest in solutions that promote low-carbon, climate-resilient pathways. We will explore ideas for the transition to a sustainable and fit-for-purpose economic and financial model to address the climate and development needs of developing and emerging economies, including what can be done in the short term to accelerate the pace. Panelists will offer their thoughts on mobilizing public and private finance at scale using innovative solutions. We will close with Q&A from the audience.