Following December’s Paris Climate Agreement, what are the financial realities of public and private investment in sectors and initiatives that support climate change mitigation and adaptation? Multimillion-dollar private sector climate investment initiatives are taking shape, but are they enough to meet ambitious growth targets? And how does the picture change in emerging markets?
On February 5, 2016, the Navigating the Climate Economy CEADIR
Discussion Series hosted “Reality Check: Investor Perspectives on Climate Finance,” featuring perspectives from JPMorgan Chase and the World Bank.
Matthew Arnold, Global Head of Sustainable Finance at JPMorgan Chase, examined likely outcomes of the COP21 agreement for the private sector, noting barriers and opportunities to invest in climate adaptation and mitigation efforts. Vikram Widge, Head of Climate and Carbon Finance at the World Bank Group, shared perspectives on the potential role of multilateral financial institutions such as the World Bank and International Finance Corporation (IFC) to mobilize much needed private capital for climate-smart investments in developing countries. Moderator Eric Haxthausen, Senior Advisor in USAID’s Office of Global Climate Change, discussed USAID involvement in climate financing, donor cooperation, and private sector leveraging.