Mr. Rémy RIOUX

November 1, 2022

“Taking place a few weeks ahead of COP27, third edition of the Finance in Common Summit (FiCS), aimed to send a loud and clear signal: Public Development Banks are powerful allies of UNFCCC to accelerate the implementation of just energy transitions. By mobilizing more that 300 billion US$ of green and climate finance in 2021, the Multilateral Development Banks and the International Development Financing Club (IDFC), demonstrate that strong mandates are able to unleash climate investments on the ground. If all public development banks (PDBs) were to commit to a similar ratio as IDFC, they could extend more than 500 billion US$ of climate finance per year, and mobilize much more through the private sector.”

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