COP27- side event: Financing the global just transition

How can a global just transition be financed? Multiple building blocks — theoretical, practical, and geopolitical — need to be put into place. First, we need a proper understanding of what the sectoral requirements are in the most challenging geographies, especially in the developing world. Then, we need to understand how we can use possible financial pathways in the Global North and find partners in the Global South. International financial regulations, requirements, standards and norms have to be aligned with green requirements. Innovative sectoral solutions could be incorporated and scaled up. Finally, we need buy-in at the highest and broadest political level so that this new architecture is genuinely transformative.

The event took place in Sharm El-Sheikh. You can watch in on the following link.