The OECD, UN Environment and the World Bank Group have joined forces under an initiative entitled Financing Climate Futures: Rethinking Infrastructure. Supported by the German Federal Ministry of the Environment, Nature Conservation and Nuclear Safety (BMU), it explores what public and private actors should do to support the radical transformation needed to align financial flows in infrastructure for low-emission, resilient development.
10 December | 09:00-10:00 - Financing Climate Futures event (Polish Pavilion) 12 December | 15:00-16:45 - OECD-NCE Event on the Climate-Growth Nexus (Benelux-EIB Pavilion) 12 December | 16:45-18:15 - Official OECD-UNEP FI Side Event at COP24 (Wisla room)
Sherpa’s meeting, Buenos Aires |28 November Handover of the final report by the three organisations (UN, WB and OECD) to the G20 troika (Germany, Japan, Argentina) during the meeting of the Sherpas.
UN Headquarters, New York |25 September 2018 The OECD, UN Environment and the World Bank Group hosted a high-level discussion on Financing Climate Futures. Scaling-up and shifting financial flows to low-emission and resilient infrastructure investments is critical to delivering on the objectives of the Paris Agreement and the 2030 Agenda for Sustainable Development. Despite some progress, radical transformations are needed to drive systemic changes in finance, infrastructure and innovation.
The initiative stems from the 2017 G20 Hamburg Climate and Energy Action Plan, which called on the three organisations to “compile ongoing public and private activities within the G20 for making financial flows consistent with the Paris goals and, building on this, to analyse potential opportunities for strengthening these efforts”. Read more on the deliverables, launches and milestones (PDF).