“The finance sector will make the difference… you cannot build what you do not finance- you are the architects of the future”- Christiana Figueres, Executive Director, UNFCCC (UN Investor Summit, January 2016).
The Sustainable Investment Forum, organized by Climate Action, will progress the dialogue on the development of effective public- private funding mechanisms for scaling low carbon innovation and the way in which they can to come together to achieve the aims of the Paris agreement.
The forum will unite 300 stakeholders from national and regional government, international finance, private industry and carbon management sectors for a day of high level discussion and debate during New York Climate Week.
In light of this, the UNEP Inquiry concluded that $53 trillion needs to be invested to achieve the aims of the Paris Agreement while the Green Infrastructure Investment Coalition aims to scale green bond investment from $40 billion to $1 trillion.
Ban Ki-moon has urged global business leaders to double investment in wind and solar energy to $600bn a year by 2020