Accelerating climate-positive growth and sustainable development

ByFinancial Sector Deepening Africa

Accelerating climate-positive growth and sustainable development

📅 06 December 2023
 Dubai, United Arab Emirates

FSD Africa and Systemiq’s Blended Finance Taskforce are pleased to invite participants to this event to discuss the consultation version of an action agenda for mobilizing domestic capital for climate-positive growth in emerging markets and developing economies.

  • In total, investments of $5.4 trillion each year are needed to meet the Sustainable Development Goals in emerging markets & developing economies excluding China (EMDEs) by 2030. The lion’s share of that is needed for climate action (around $2.4 trillion per year by 2030).
  • The current financing gap is about $3 trillion annually. About 2/3 of this needs to come from domestic resources, both public and private. Private domestic capital could and should play a crucial role in this, because of increasingly attractive green investment opportunities and limits to fiscal space to expand public investment. Moreover, bigger and deeper financial markets can support long-lasting economic growth and a more stable investment environment.
  • Country-specific actions will be needed to grow and deepen financial markets and mobilize capital for climate-positive growth. This event will bring together pre-eminent experts and practitioners from EMDEs, investors, global and regional MDBs/ DFIs, and de-risking facilities, to test the hypothesis for an initial set of actions to deepen and mobilize private domestic markets and to kick off a conversation regarding implementation of this action agenda going forward