In this fireside chat, the IFC’s Alfonso Garcia Mora highlighted the four pillars for a successful strategy in mobilising climate finance:
Reforming policy and regulatory reforms at a country and global level;
Aligning the existing 30-plus different taxonomies across the world;
Developing innovative and targeted financial instruments;
Creating new partnerships to maximise collaboration.
“We have a big coordination failure,” says Garcia Mora on the need for institutions to work closely together, highlighting the role of multilateral bodies. Climate investments are, after all, a business opportunity. Despite the daunting task, the executive believes “the glass is half full”. See the full interview below.
