• About
  • Advertise
  • Careers
  • Contact Us
Monday, June 23, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
ADVERTISEMENT
Home Economy Finance

Banks, UN Join Forces to Mobilize Private Capital for Climate Action in Emerging Markets

by Justice Godfrey Okamgba
June 30, 2023
in Finance
0
Banks, UN Join Forces to Mobilize Private Capital for Climate Action in Emerging Markets
UBA
Advertisements

During a meeting at the Summit for a New Global Financing Pact in Paris, France, the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, and the President of the World Bank Group (WBG), Ajay Banga, represented the Multilateral Development Banks (MDBs) and discussed strategies to mobilize private capital for addressing climate change.

The meeting also involved representatives from the United Nations (UN).

The participants agreed to collaborate in identifying priority actions to attract private climate investment in emerging markets and developing countries (EMDCs), with a focus on achieving tangible outcomes in the near term leading up to COP28.

They acknowledged that the current level of climate investment in EMDCs is insufficient to meet the objectives of the Paris Agreement.

Therefore, they emphasized the importance of leveraging MDBs and other development finance institutions to unlock local and international private finance.

Recognizing that private capital will play a crucial role in bridging the financing gap for achieving net-zero emissions, the COP28 President-Designate, Dr. Sultan Al Jaber, and the UN Special Envoy for Climate Action and Finance, Mark Carney, expressed their support for this initiative. Mark Carney also serves as the Co-Chair of the Glasgow Financial Alliance for Net Zero (GFANZ).

The participants highlighted the need to strengthen technical capacity to develop a pipeline of viable climate projects and implement public policies that create a favorable investment environment for the green transition.

They emphasized that achieving a just and global net-zero transition requires innovative and effective solutions, particularly for mobilizing catalytic private investment in EMDCs

Loading

Advertisements
MTN ADS

Author

  • Justice Godfrey Okamgba
    Justice Godfrey Okamgba

    View all posts
0Shares
Tags: BanksClimateEmerging Markets
Justice Godfrey Okamgba

Justice Godfrey Okamgba

Next Post
FirstBank Humanoid Robot

FirstBank Launches Industry First Humanoid Robot for Self-Service Banking

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Olatunde Victor, founder of SalesPlat flanked by some of the 40 Top SMEs under The Growth Hub

The Growth Hub Unveils Top 40 Businesses as Innovation Accelerator Program Finalists

11 months ago
Airtel TV Super Skit-Makers

Super Skit-Makers Contest: Airtel TV Rewards Winners Cash Prizes, Scholarships

2 years ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.