Good morning, this is Paula. At a conference bringing together private finance with international Geneva and international climate finance experts, participants sought to build bridges ahead of the Cop28 climate summit.
But amid gaping financial needs on one side and worries over investment risks on the other, finding a common language between representatives from the global south and private bankers proved to be challenging. |
|
A civil disobedience group, BreakFree Switzerland, protested against greenwashing at the opening of the Building Bridges conference in Geneva, 2 October 2023. (Geneva Solutions/Paula Dupraz-Dobias)
|
|
In its fourth edition, the Building Bridges conference brought together private finance with international organisations, climate negotiators and representatives from climate vulnerable countries. As they discussed what needed to be done to deliver trillions of dollars in funding to tackle the climate crisis, not everyone was speaking in a common language.
With international public finance not living up to its promised delivery of $100 billion a year to developing countries, particularly when it comes to adaptation finance, calls for reform in the international financial system and how risk is rated, were hoping to be heard within Geneva’s financial elite.
Read the full story on Geneva Solutions
|
|
Here's what else is happening
|
|
GS news is a new media project covering the world of international cooperation and development. Don’t hesitate to forward our newsletter!
Have a good day!
|
|
|
Avenue du Bouchet 2
1209 Genève
Suisse
|
|
|
|
