This 8th edition of the Climate Finance Day will be dedicated to financial solutions enabling and accelerating transition and adaptation actions:
The IPCC have made it clear in its last report: we can halve emissions by 2030 but the time for action is now. Good news, the experts ensure “there is sufficient global capital and liquidity to close investment gaps”. Accelerated and equitable climate action in mitigating and adapting to climate change impacts is critical to sustainable development. Financing climate action is thus a priority for the COP 27.
We are now at the turning point, halfway on the pathway to reach the 2030 Agenda and the climate objectives.
Hundreds of pledges and commitments have been made by the financial sector. It is time to take a step back and make a mid-term evaluation on its contribution to these goals.
We need to emphasize and scale up concrete game-changing solutions that have been developed so far on transition and adaptation.
We expect financial players to report on the actions implemented since 2015 and to present action plans for the years to come. What concrete solutions the financial sector can provide to strengthen and mainstream resilience and to accompany the transition of the real economy? How to build trust and demonstrate accountability of the financial actors’ actions? How to accelerate?