- GCA Arena 2 (Al Wakri) - Blue Zone
- 08:30
- – 10:30
- Gulf Standard Time
- 4 December 2023
Nature and Water Finance for Climate Action
- Global event
This high-level event, part of the COP28 Presidency Program, will bring together public and private, conventional and innovative financiers to spotlight key efforts to mobilize finance at scale for water and nature, and to contribute to the delivery of the UN SDGs, the Paris Agreement and the Kunming Montreal Global Biodiversity Framework.
With co-chairs Ngozi Okonjo-Iweala, Mariana Mazzucato and Johan Rockstrom.
Including Commissioner Jo Tyndall as moderator.
Overview
This high-level event will bring together public and private, conventional and innovative financiers to spotlight key efforts to mobilize finance at scale for water and nature, and to contribute to the delivery of the UN Sustainable Development Goals, the Paris Agreement and the Kunming-Montreal Global Biodiversity Framework. The COP28 Presidency will platform related announcements – on impactful policies, funds and initiatives – that are working to build a more robust global financial architecture and advance the implementation of the Sharm-el Sheikh Adaptation Agenda and the 2030 Breakthroughs. COP28 will outline a way forward as a means to accelerate action towards COP30, with a particular focus on water and nature.
Speakers
- Lord Zac Goldsmith, Former UK Minister for Climate and Environment
- Dr Johan Rockström, Director of the Potsdam Institute for Climate Impact Research and Co-Chair of the Global Commission on the Economics of Water
- Ilan Goldfajn, President, Inter-American Development Bank
- Masatsugu Asakawa, President, Asian Development Bank
- H.E. Razan Al Mubarak, UN Climate Change High-Level Champion from the COP28 Presidency
- Dr. Ngozi Okonjo-Iweala, WTO Director General and Co-Chair of the Global Commission on the Economics of Water
Objectives
- Announce initiatives contributing to unlock new and additional funding that scale finance for water and nature.
- Showcase innovative financing models for water and nature finance (including commercial and innovative policies or frameworks that address risks and opportunities).
| Provisional Agenda | |
|---|---|
|
1. Opening & vision for the future of Water & Nature Finance The opening segment will showcase action plans to ramp up water & nature finance, and will illustrate how this ramp up has to go with a broader restructuring of the financial architecture for global public goods, in order to address systemic financing barriers. 2. Scaling & innovating Nature Finance to accelerate climate action This high-level panel will showcase new and at-scale financing initiatives for nature. Particular emphasis will be placed on recent work from Multilateral Development Banks, Development Financial Institutions, commercial finance and sovereign initiatives as first movers on nature finance. 3. Reshaping the global financial architecture to support global public goods: Water Finance This high-level panel will dive into new models, frameworks and initiatives for water finance; with a focus on efforts of international financial institutions, governments, central and national banks to mainstream water into economic planning and mobilize new sources of capital to finance global public goods. 4. Closing remarks & charting the path forward The event will end with an inspirational closing as well as with a call to action to deliver on the scale-up of nature & water finance and on efforts to deploy new models that can overcome structural blockers ahead of COP30. |
Related news
Henk Ovink appointed Executive Director of the Global Commission on the Economics of Water
An experienced and passionate advocate for the water cause, Ovink will oversee the Commission’s work towards the launch of the group’s final report.
Renowned environmentalists Ma Jun and Elizabeth Wathuti appointed to Global Commission on the Economics of Water
Distinguished environmental advocates Ma Jun (China) and Elizabeth Wathuti (Kenya) have been appointed this month to the Global Commission on the Economics of Water.
