The Business of Climate Change with Vivek Pathak, IFC Director, Global Head Climate Business explores practical, profitable, and creative solutions in channeling climate business in high-growth sectors. Business and industry have a key role to play in reducing global greenhouse gas emissions, as well as implementing climate-smart technologies and innovations. They must be part of the collaborative, global effort to tackle climate change and meet the goals of the Paris Agreement.
Already, global markets for climate-smart businesses and technologies have grown to $1 trillion annually. This growth is expected to accelerate, delivering environmental and social benefits while creating value for investors. Analysis by International Finance Corporation (IFC) shows that 21 emerging market economies alone hold $23 trillion in climate-smart investment opportunities through 2030. A deep dive into urban investments found that cities across emerging markets could attract more than $29 trillion in green buildings, public transport, electric vehicles, waste management, water treatment and renewable energy. – IFC work in climate business.
IFC is mainstreaming - opening new markets in key areas such as clean energy, sustainable cities, climate-smart agriculture, energy efficiency, green buildings, and green finance. This conversation will foster a unique opportunity to showcase the action that is being done by the UN, Governments and private sector, to speak about how important these partnerships are in these urgent times for the lives of the most vulnerable and for the planet.
Vivek Pathak, IFC Director, Global Head Climate Business
Moderated by Lisa Kurbiel, Head of Secretariat, Joint SDG Fund