PDBs working as a system – innovation and knowledge to unlock climate finance at scale
PDBs working as a system – innovation and knowledge to unlock climate finance at scale
This year, COP28 and UAE gathered the international community together in Dubai. It was a prime opportunity to rethink, reboot, and refocus the climate agenda.
Likewise, FiCS' core focus is about transformation of the global financial system, striving for PDBs to function as a cohesive system within the international financial landscape. The FiCS' side event "PDBs working as a system - innovation and knowledge to unlock climate finance at scale" focused on making concrete advancements in the following areas:
- Alignment of finance with the 2030 SDG agenda, the Paris Agreement and the Global Biodiversity Framework
- Leverage of financial innovations aimed to enhance the scale of climate and development finance, incorporating the strengthening of technical capabilities within PDBs
- Mobilization of all willing stakeholders
FiCS and its members are well positioned to foster solutions for climate change by leveraging financial tools and instruments, including access to multilateral funds and future marketplace innovation.
The fourth edition of the Finance in Common Summit held in Cartagena, Colombia, from 4 to 6 September 2023, delivered a robust roadmap to 2024, fully encompassing the conclusions and recommendations of the Summit for a New Global Financial Pact held in Paris earlier this year in June, whilst complementing the high level political steer provided by the Amazon Summit in early August and the Africa Climate Summit in Nairobi at the beginning of September.
Join us on December 3 to continue the discussion, foster innovation and help bring the agenda forward.