GLF Climate 2022: Frontiers of Change


 UTC+2 (Cairo, Lusaka, Harare)

Sustainable finance for local climate action

Nov 11, 2022 | 12:30 PM - 1:30 PM

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Description

During GLF Climate 2021 and GLF Africa 2022, several speakers emphasized that climate solutions and climate action are already happening within local communities. Among what they are missing is access to suitable funding that allows these communities to scale these projects and businesses. At the same time, there is a rise in the number of “green funds.” Still, there is a risk of missing positive impacts by designing funds and financing mechanisms without sufficiently considering the local context. This session aims to explore how to develop financing mechanisms and products aligned with the local context and the needs of local communities and smallholder farmers. More broadly, it seeks to answer the question of which innovations are needed to effectively support local climate action through sustainable finance.

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