Mobilizing climate investment at a time of global uncertainty
While the conflict in Ukraine is posing critical questions on the link between geopolitics and climate transition, climate investment appears to be a key, long-term tool for the future of the world economy. In this context, the $10.5 billion Climate Investment Funds (CIF), one of the world’s largest multilateral funds for climate action in developing countries, can play an important role in promoting long-term financing to lower the risk and cost of climate investments in developing and middle-income countries. The CIF - working together with governments, the private sector, civil society, local communities, and six major multilateral development banks (MDBs) - has channelled over $61 billion in co-financing into climate change mitigation and adaptation in developing countries.
IAI is honoured to host Mafalda Duarte, CEO of the Climate Investment Funds, to discuss challenges and opportunities of mobilizing climate investment at a time of global uncertainty with key stakeholder and the general public in Italy.
The meeting is organized by IAI in the framework of its partnership with Intesa Sanpaolo.