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Financial institutions drive mobilization of international climate finance

National development banks are key to organizing the public and private investment necessary for tackling climate change

Today, financial entities of the world face the challenge of accessing funds that would finance the urgent need to mitigate and adapt to climate change. This was the declaration made by the governments involved in the 2011 Climate Change Conference in Durban, when they established the Green Climate Fund (GCF), an agreement among industrialized countries to mobilize some $100 billion a year by 2020. 

In an attempt to investigate new ways of accessing these resources, a discussion on "The Role of National Development Banks in the Mobilization of International Climate Finance" will take place in Washington, D.C., on April 18 and 19, 2012

National development banks and local financial institutions are considered essential players not only in the mobilization of international financing for climate issues, but additionally for leveraging other national and international resources for the funding of the public and private investments necessary to tackle climate change and promote environmental and social benefits. This forum presents an opportunity to raise consciousness among national development banks, local financial institutions and other important figures, both public and private, regarding the opportunities and challenges faced when mobilizing international climate finance.  

WHAT:The Role of National Development Banks in the Mobilization of International Climate Finance

WHERE:Inter-American Development Bank, Andres Bello Auditorium, 9th Floor, Washington, D.C.

WHEN:April 18–19, 2012 at 9:00 a.m.

SPEAKERS:René Castro, Minister of Environment, Costa Rica

 Naoko Ishii, Deputy Vice Minister of Finance for International Affairs, Ministry of Finance, Japan

 Gilbert E. Metcalf, Deputy Secretary of Environment and Energy, United States of America

The event is organized by the Inter-American Development Bank (IDB), the Latin American Association of Development Financing Institutions (ALIDE), the French Development Agency (AFD), the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP), the World Federation of Development Financing Institutions (WFDFI), the German Federal Ministry for Economic Cooperation and Development (BMZ), the Development Bank of Southern Africa (DBSA), KfW Bankengruppe, the United Nations Program for Environment (UNEP), the United Nations Program for Development (UNDP), and the World Resources Institute (WRI).

Live Stream: IDBclimatefinance

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