It’s clear that there’s still a huge investment gap when it comes to climate finance – and recent events have shone a spotlight on why closing that gap is so important.The overall cost of major natural disasters, for instance, is rising – hurricanes Helene and Milton caused damage estimated at around $100bn.
At STEP Arabia this year, during a session hosted by Jersey Finance, the panel referred to the fact that ‘collaboration is more important than competition between IFCs’. In the context of sustainable finance, that has never been truer. By keeping an eye on the long-game, we will all go further, and faster.
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