Success at the COP29 climate summit in Baku, Azerbaijan will largely be measured by whether countries collectively agree to deliver much more, higher-quality finance for climate action. Research shows that developing countries excluding China need around $1 trillion per year in external finance to achieve climate and nature goals by 2030, including around $500 billion from international public sources. That is a hefty sum compared to current levels.

How will it be possible to scale up climate finance from billions to trillions? And what needs to happen to ensure that more funding is offered to developing countries on the right terms, both to avoid adding to their debt crisis and make best use of scarce grant and concessional finance?

Please join us for a webinar, held shortly before COP29, for inspiring yet practical discussion on how to scale up climate finance to the levels that developing countries require.

The webinar will feature a distinguished panel of experts who will articulate how to ramp up the finance flowing through bilateral and multilateral channels and explore ways to tap into wider sources of funding such as new taxes, re-directing fossil fuel and other harmful subsidies, mobilizing more investments from the private sector and debt relief and restructuring. Speakers will also discuss how to approach the politically sensitive issue of whether more countries should contribute to climate finance and the tools available to ensure a fair approach.

Speakers:

  • Hans Peter Lankes, Deputy Chief Executive and Managing Director, Overseas Development Institute (ODI) 
  • Mr. Emmanuel Guerin, Fellow, Geopolitics of Climate Change, European Climate Foundation 
  • Karen Mathiasen, Project Director, Center for Global Development 
  • Kevin Gallagher, Professor of Global Development Policy, Boston University and member of the Task Force on Climate, Development and the International Monetary Fund 
  • Gaia Larsen, Director Climate Finance Access, Climate, Economics and Finance Program, World Resources Institute 
  • Melanie Robinson, Global Climate, Economics and Finance Program Director, World Resources Institute (moderator)