Investing in People and Planet for a Low-Carbon, Resilient Transition | WBG-IMF 2022 Annual Meetings

Climate action is in danger of stalling with profound consequences for all countries, particularly the poorest. Overlapping crises—the war in Ukraine, COVID-19, surging inflation — could derail the investments required to tackle the climate crisis. It is vital to improve not only the quantity but also the quality of climate finance, making sure it reaches those most affected by climate impacts, prioritizing adaptation and resilience. Today only 10% of the global climate finance supports investments in adaptation, and only a fraction of that from the private sector. How can we scale up climate finance and deploy innovative tools, analytics and instruments to make better use of public resources, unlock private capital and channel resources to the most vulnerable? What are the challenges and solutions to financing global public goods and what is the role of private capital in the climate transition? This event will focus on ways to address climate and development needs together, supporting people and communities in the low-carbon, resilient transition. Learn more:

🗣️ Speakers
– David R. Malpass, President of the World Bank Group
– Annette Nazareth Chair, Integrity Council for the Voluntary Carbon Market
– Dirk Forrister President and CEO, International Emissions Trading Association (IETA)
– Makhtar Diop, Managing Director, IFC
– Slawomir Krupa Slawomir Krupa Head, Global Banking & Investor Solutions, and future CEO, Société Générale
– Mari Pangestu, Managing Director, Development Policy and Partnerships, World Bank
– Nicholas Stern IG Patel Professor of Economics and Government, London School of Economics
– Host: Mercy Niwe, Stakeholder Engagement Lead, External and Corporate Relations, World Bank Group

📑 Agenda
00:00 Welcome! Annual Meetings | Investing in People and Planet
03:03 The potential of carbon markets to help mobilize finance for climate action
31:03 Data in focus: Climate finance
34:18 Mobilizing private capital to finance climate action in emerging markets
57:31 The Sahel: How climate finance can make a difference in the ground
01:00:39 Climate adaptation, policy landscape, energy transitions, COP27
01:17:33 Social media conversation and poll
01:20:12 Key takeaways and closure

ABOUT THE #WBGIMFmeetings: The 2022 World Bank Group – IMF Annual Meetings will convene leaders, experts, and activists to discuss how best to respond to the multiple overlapping crises facing developing countries and how to work together to build a resilient future. Join our top-level discussions focusing on investing in education, accelerating climate finance, promoting inclusive growth & responding to the food & fuel crises.

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.

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