Doing more on climate financing is also vital. Advanced economies must meet or exceed the pledge of $100 billion in climate finance for developing countries — not least for equity reasons. But public money alone is not enough — so innovative approaches and new policies are needed to incentivize private investors to do more. After all, green transformation brings vast opportunities for investments in infrastructure, energy and more.
It starts with stronger governance and integrating climate considerations into public investment and financial management that can help unlock new sources of financing.
Proven financial instruments will also be important — such as closed-end investment funds that can pool emerging market assets to provide scale and diversify risks. And multilateral development banks or donors must do more to encourage institutional investors to come in — for example, by providing equity, which currently makes up only a small share of their commitments.
One promising new area is unlocking capital from pension funds, insurance companies and other long-term investors that collectively manage over $100 trillion of assets. Another consideration is how better data facilitate decision and investment. That's why the IMF and other global bodies are standardizing high-quality and comparable information for investors, harmonizing climate disclosures, and aligning financing with climate-related goals.
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发表于 2022-11-17 15:56:05
