World Bank at COP 27
A necessary component to pave the way for immediate climate action is being able to not only come up with innovative solutions to tackle the climate crisis, but on finding ways to fund them. The 27th United Nations Climate Change Conference, or COP27, kicks off this week in Sharm El Sheikh, Egypt, and is expected to focus on the need to implement climate pledges, scale up climate finance, and address the adaptation needs of developing countries.
The World Bank Group will be there taking part in discussions and live events over the next two weeks and we’d like to invite you to attend, tune into, or replay these conversations that are relevant to our blog audience, particularly on leveraging the private sector to address the infrastructure finance gap in ways that build resilience and encourage climate action. The World Bank’s full schedule of events at COP27—almost 80 in total, nearly every hour on the hour—can be found here.
*Recordings of these events will be available on each of their pages shortly after each ends.
Let’s Get To Scale: Climate Finance for People and Planet
Tuesday, November 8, 11:00-11:45 am EET (local time)
This high-level live event will feature World Bank Group President David Malpass who will introduce SCALE—Scaling Climate Action by Lowering Emissions—the new partnership to catalyze transformative climate action. The panel will showcase the benefits of emissions reductions programs that utilize results-based climate finance as an innovative tool to support development goals, help countries achieve their national climate goals, and generate high-quality, high-integrity emission reductions, ensuring benefits are shared fairly among people and communities.
Key Priorities for Impactful Climate Results
Wednesday, November 9, 10:00-10:20 am EET (local time)
World Bank Group President David Malpass will be joined by Ayat Soliman, World Bank Regional Director for Sustainable Development for Eastern and Southern Africa, to discuss key priorities for reducing emissions, including supporting the just transition and boosting action on methane, innovative financing that can deliver resources at scale, and how countries can address their climate and development needs together.
Scaling Up to Phase Down: Financing Energy Transitions in the Power Sector
Wednesday, November 9, 2:00-2:45 pm EET (local time)
What critical barriers do developing countries face in financing their energy transitions? These challenges—and opportunities for mobilizing private investment—will be discussed on this panel about tackling solutions to scaling up financing for an energy transition in the power sector, including how governments and their development partners can establish a pipeline of bankable projects that can attract private sector investments.
How to Build a Pipeline of Climate-Smart Public-Private Partnerships
Saturday, November 12, 10:00-10:45 am EET (local time)
The pathway to net zero requires a significant increase in global investments across infrastructure sectors and beyond, not just to mitigate greenhouse gas emissions, but also to build resilience to the climate change impact and loss already seen around the globe. The World Bank and IFC are teaming up to host this really important conversation with leading industry experts to talk about delivering the Paris Agreement goals and crowding in private sector investment and finance through creating a pipeline of viable, bankable, and climate-smart public-private partnerships (PPPs).
A Practitioners Workshop: How to Build a Climate-Smart PPP Pipeline
Monday, November 14th at 5:00 pm EET (local time)
The IFC and the World Bank Group will present the PPP Climate Toolkit for Infrastructure, a valuable tool developed by the World Bank, IFC, Public-Private Infrastructure Advisory Facility (PPIAF), and the Global Infrastructure Facility (GIF) designed to help governments and PPP practitioners mainstream climate considerations into projects, aligning different interests and incentives to promote climate-smart investments that can tap into the rapidly growing market of climate finance.
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