An Economist Group editor and four panelists examined how to finance the transition to net zero and build resilient economies. The panelists also discussed how to shape policy to create the right enabling environment for investments and appropriately skill the workforce.
Financial institutions have a paramount role to play in scaling up investments in climate solutions. They can help provide the financing necessary for the net-zero transition through decarbonization and building climate-resilient economies. But is the financial system in its current form able to support a transition to net zero and build resilient economies and societies? The capital is there, but it needs to be channeled at scale to climate-informed investments aligned with long-term climate goals.
The event, delivered in conjunction with the Economist Group, was held on the sidelines of the 55th Annual Meeting of the ADB Board of Governors.
Source: Asian Development Bank