Bigger and Better in Baku: Scaling Up Climate Finance for Developing Nations

Success at the COP29 climate summit in Baku, Azerbaijan will largely be measured by whether countries collectively agree to deliver much more, higher-quality finance for climate action. Research shows that developed countries excluding China need around $1 trillion per year in external finance to achieve climate and nature goals by 2030, including around $500 billion from international public sources. In our webinar, a distinguished panel of experts will preview this key issue for COP29 and global climate action. 

These leading experts will articulate options for increasing bilateral and multilateral finance and explore wider sources of funding such as new taxes, re-directing fossil fuel and other harmful subsidies, mobilizing more investments from the private sector, and debt relief and restructuring. Speakers will also discuss how to deliver finance on the right terms, navigating the scarcity of concessional finance and avoiding adding to the debt crisis. Finally, they will approach the politically sensitive issue of whether more countries should contribute to climate finance and the tools available to ensure a fair approach.

This webinar is free and open to the public – we invite you to share this event with interested colleagues and networks!