Multiply for what & who?
This past week in #Bonn #SB62, we've heard a lot about capital markets, green bonds, public-private blending, & #MDBs financing de-risking the private sector.
But can this approach deliver anything more than private profits for asset managers & hedge funds?!
This past week in #Bonn #SB62, we've heard a lot about capital markets, green bonds, public-private blending, & #MDBs financing de-risking the private sector.
But can this approach deliver anything more than private profits for asset managers & hedge funds?!
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We need grants to build climate resiliency, especially for women, youth, farmers & indigenous peoples, and to repair climate #LossAndDamage.
⭐️ a real discussion on how to escalate grant funding from rich countries to climate-vulnerable countries (Article 9.1 of the Paris Agreement)
⭐️ active consultation on how to reform the whole financial system to protect people & planet (Article 2.1c)
At the #FfD4 conference next week, and #COP30 in November, there are opportunities to make finance work for those who need it most.
🛑 There is no development in a 2 or 3 degree world.