Financing the Transition

The evaluation units of the four biggest multilateral climate funds are coming together to share their perspectives on overcoming some of the funding hurdles that countries face in implementing their national decarbonization & resilience strategies. For the first time at COP28, the Adaptation Fund (AF), Climate Investment Funds (CIF), Global Environment Facility (GEF), and Green Climate Fund (GCF) are sharing a platform and working in concert to present their perspectives in climate finance.

For this event, the funds will join the Institute for Climate Economics (I4CE), for the 
Discussion: “Financing the transition: How to use public finance smartly, increase the role of international finance institutions and the performance of multilateral climate funds”. The group will explore and showcase different approaches through which public and private finance can be mobilized to support the effective implementation of national decarbonization strategies. The discussion will also consider how to reinforce the mobilization of public and private players and present lessons from real-life experiences focused on the complementary roles of public, private and international financial institution (IFI) finance.