Every year, climate change is accruing larger costs to society. The Paris Agreement urges us to ensure that financial flows are consistent with the 2-degree target. Meeting this target requires a global effort to shift capital markets from carbon-intensive investments to low-carbon and climate-resilient investments. Green lines and green bonds have been an effective way to align financial flows for low-carbon investments and have also facilitated increased disclosure. A combination of interest need to support these actions across the sustainable finance value chain: Investors, banks, donors and international organizations have worked jointly to make sustainable investments a reality. What have we learned and how can we increase are target to raise the level of ambition given the urgency of the climate crisis?
This session was organized by IDB Invest.