3 actions to accelerate emerging market climate transition
Emerging market and developing economies account for over 95% of the increase in GHG emissions. Huge investment is needed to cut emissions and tackle climate change.
CEO, DAI Capital. Previously: Founding Chief Executive Officer, IFC Asset Management Company, 2009-17. Managing Director, Goldman Sachs International 1996-2009; Special Adviser, Bank of England 1996; Senior Investment Officer, IFC 1990-96; Financial Economist, World Bank 1988-89; Business Analyst, McKinsey 1984-86. Commissioner, The Business and Sustainable Development Commission, 2016-18. Education: University of Oxford, BA 1984; Stanford Graduate School of Business, MBA 1988.
Emerging market and developing economies account for over 95% of the increase in GHG emissions. Huge investment is needed to cut emissions and tackle climate change.
Bridging the SDG financing gap requires removing the constraints to the supply of, and demand for, capital and improving how we link the two.
Instead of using government sources or aid, nations must bring in a range of public, private, domestic and international sources of capital to build a high-impact pipeline of projects.
You might not have heard of blended finance, but it’s changing how we fund development.