Achieving the goals of the Paris Agreement requires huge investment in emerging markets and developing countries, and the mobilization of climate finance is expected to be a headline issue at COP27 in Sharm-el Sheikh in November.
The multilateral climate funds, of which the Green Climate Fund (GCF) is the largest, play a significant role in the international climate finance architecture by using international public finance to support adaptation and mitigation projects in the Global South.
Shortly before COP27, Chatham House hosted an event with the GCF Executive Director, Yannick Glemarec, to discuss key trends in the provision of climate finance and the role of GCF in meeting the Paris Agreement’s goals.
This event was part of the Waddesdon Club Webinar Series. The Waddesdon Club is a Chatham House initiative to encourage climate leadership in financial and economic policymaking.
Since 2016, it has proved to be a highly successful forum for convening senior policymakers and leading climate scientists with future leaders in finance ministries, central banks and other public sector economic and financial organizations around the world.
The initiative is supported by the Ikea Foundation, KR Foundation, and the Rothschild Foundation.
