Getting money to where it’s needed: Digital finance and just transitions (session II)
This is the second session in our two-part installment on leveraging digital finance for just and equitable climate action. According to UNEP, estimated adaptation costs in developing countries are five to ten times greater than current public adaptation finance flows. Digital finance presents a unique opportunity to bridge the urban climate finance gap, promote transparency, and ensure equitable resource distribution. We are currently faced with a paradox that cities must address the uncertainty and complexity of the climate crisis with a lack of capital, but investors are reporting there is a shortage of investable projects. The Glasgow Financial Alliance for Net Zero launched at COP26 culminated in over 500 financial institutions committing to manage over $130 trillion of assets. However, to this day, cities on the frontline of the climate crisis are struggling to access these funding pools due to problematic mechanisms.
In this session, we will be diving into the role of digital finance in helping to bridge the gap between subnational governments and climate finance and facilitate a just transition. Our panel of experts from diverse sectors will share insightful ideas and solutions, discussing the challenges and opportunities in applying digital finance tools to tap into new funding streams. Join us as we explore the Global North and South contexts’ climate emergency response and work towards a sustainable and inclusive future.
This event will be held in English.
Facilitator & speakers:
- Massamba Thioye, the Project Executive of UNFCCC Global Innovation Hub at UN Climate Change Secretariat
- Catherine Atkin, Co-Founder & Principal, BlueVista Solutions, and the Chair of CodeX Climate Data Policy Initiative at the Stanford Center for Legal Informatics, USA
- Katherine Foster,Executive Director of Green Digital Finance Alliance, Switzerland
- Bobby Kia, Climate Solutions Investment and Technology Deployment Strategy, S.K. Hart Management, USA
- Pourya Salehi, Head of Urban Research, Innovation, and Development Team, ICLEI World Secretariat, Bonn, Germany