This is a hybrid in-person/virtual side event at the 26th UN Climate Change Conference of the Parties (COP26).

Brought to you by the Green Bank Network, Green Bank Design Platform, Inter-American Development Bank, Latin American Association of Development Financing Institution, and Banco de Desenvolvimento de Minas Gerais in partnership with the Government of Australia.

To achieve deep decarbonization and a pathway to 1.5˚ C, investment in new projects and technologies is essential. Public finance is critical yet insufficient, and to meet the challenge relatively small amounts of public investment must do a better job at mobilizing much larger sums of private investment. At the same time, we need innovative financial instruments and partnerships that promote country ownership for scaling up private investments.

This two panel event will highlight the role that different institutional models such as green banks –specialized standalone financial institutions or separately managed facilities – play in helping mobilize investments to achieve net zero targets. The event will showcase progress by jurisdictions in developed and emerging markets pioneering domestic institutional innovation in climate finance. It will highlight lessons learned and success stories from existing green banks that are relevant for countries globally.