FP Virtual Dialogue: Investing in the Planet
Climate Action in Developing Countries
This high-level virtual program brought together policy leaders and experts at the intersection of finance, sustainable development and climate action to elevate the dialogue about mobilizing green investment. We explored what governments and global institutions are doing to overcome risks to pursuing climate investments and how emerging economies can empower growth through driving climate-smart development.
COVID-19 has served as a wake-up call regarding the interconnectedness of global challenges and the exponential threats they can pose to humanity. Much like with the pandemic, developing countries are also bearing the brunt of the climate crisis — but most importantly, they are a critical part of the solution, too: Green market creation and clean infrastructure transformation have great potential to move the needle on global climate targets. In the years to come, developing economies are on track to run on 70% of the world’s energy, experience 97% of global population growth, and represent 60% of total GDP. Investment in developing nations therefore is as much a practical imperative as it is a moral one.
In this dialogue, we discussed how developing countries can access resources to invest in next-generation climate solutions and technologies. What’s needed from governments, businesses, and other global actors to mobilize sufficient financing to build sustainable, resilient economies where they are needed most and where they can make the greatest impact? How can development organizations facilitate investment in local communities in a way that empowers them to take ownership of their environmental challenges and outcomes?
Foreign Policy, in partnership with the Climate Investment Funds, convened a forward-looking conversation about the opportunities and strategies to mobilize green global development and a sustainable future for the planet.
Join the conversation online using #InvestingInClimate
For more information, contact Diana Marrero, Senior Vice President of Strategic Development.