The climate challenge is a money challenge. Reducing emissions and addressing the impacts of climate change will require trillions in investment over the next decades.
These investments are critical not just for delivering a safe climate, but also for increasing energy access, securing biodiversity, and delivering the broader 2030 sustainable development agenda. At the same time, green growth promises to bring enormous economy opportunity.
However, climate finance remains caught in gridlock. A pledge by developed countries to mobilise $100billion in climate finance per year by 2020 remains unmet. Financial flows are not yet at the scale and speed that is needed. Funding for adaptation in particular has lagged behind. When countries meet at COP27 in Egypt in November, finance will be a major sticking point. What can be done?
The Green Climate Fund was created by the UN in 2010 to help address these challenges. Speaking to Professor Thomas Hale, Executive Director Yannick Glemarec will discuss the Fund’s role in the broader climate challenge, and outline the way forward for the climate finance conundrum.
Please note the event will take place at the Oxford Martin School, 34 Broad Street, Oxford, OX1 3BD.