INNOVATE4CLIMATE

Climate action at unprecedented speed and scale is essential for making the investments required to avoid the effects of a 2 degree warmer world and meet the Paris climate commitments. In a world of constrained public resources, traditional forms of concessional finance will not be sufficient to fund the investment required for a transition to a low-carbon future. Scaling up and accelerating access to finance – from multiple sources, as efficiently and effectively as possible - to redirect the trillions of dollars sitting in unproductive, low yielding as well as unsustainable investments towards longer-term, climate-smart investments will be key. Therefore, leveraging public resources and creating enabling environments for increased use of commercial finance and incentivizing private sector investments will be critical for success. Innovate4Climate, launched in 2017 in Barcelona, is an integral part of this global dialogue of government, multilateral, business, banking, finance, technology leaders and society and embraces the global themes of climate finance, sustainable development, carbon pricing and markets. Innovate4Climate 2018 will convene global leaders from industry, government and multi-lateral agencies for a one-day Summit, workshops and a Marketplace, to work and dialogue on development of innovative financing instruments and approaches to support low-carbon, climate-resilient development pathways; mobilization of private investments in climate action; support to developing countries in their NDCs implementation; development of ideas on how market-based and non-market based climate finance instruments identified in the Paris Agreement can best be designed to maximize impact and minimize costs.