Fostering Private Investment in Sustainable Infrastructure | World Bank Group at COP28, Dubai

Sustainable infrastructure is essential for achieving the Sustainable Development Goals and the Paris Agreement on climate change. However, there is a significant gap between the demand and supply of sustainable infrastructure financing in developing countries. An estimated $15 trillion of additional investment is needed by 2040 to meet the infrastructure needs of low- and middle-income countries. Against the backdrop of COP28, this panel will discuss key issues and barriers that hinder private sector participation in sustainable infrastructure and how collaboration among institutions such as MIGA, IDB Invest and the U.S. International Development Finance Corporation can help overcome them. Learn more: http://wrld.bg/vSrC50Qcft8 #cop28 #cop28uae #climateaction Speakers Hiroshi Matano, Executive Vice President, MIGA ‪@MIGAWorldBank‬ Julie Monaco, Global Head Public Sector Banking, Capital Markets and Advisory Division, Citi ‪@Citi‬ Scott Nathan, Chief Executive Officer, U.S. International Development Finance Corporation James Scriven, Chief Executive Officer, IDB Invest ‪@IDBInvestBIDInvest‬ Moderator: Hilen Meirovich, Head of Climate Change, IDB Invest 00:00 Explainer video: Financing for climate action on a livable planet 01:36 Welcome 03:53 Collaboration for unlocking private finance 06:34 Blended finance 09:45 Prioritizing climate investments 12:56 Collaboration between private sector and development finance institutions 19:32 Lessons learnt from projects 21:13 Challenges: Closing the infrastructure gap 26:24 Sustainable infrastructure, renewable energy, electromobility 30:53 Getting from the billons to the trillions 37:25 Sustainability mainstreamed: Challenges ahead 43:19 Closure WORLD BANK GROUP AT COP28 | LIVE FROM DUBAI, UNITED ARAB EMIRATES: The World Bank Group is redoubling efforts to end poverty on a livable planet. A safer climate means that all people – but especially women and young people – have a decent quality of life on a planet with clean air, clean water, and enough to eat, and are less vulnerable to climate impacts. Join us for a series of events on climate change, live from the 28th United Nations Climate Change Conference. http://wrld.bg/Qq8150Qce1P    • World Bank Group at COP28 | Live From Duba...   ABOUT THE WORLD BANK The World Bank is one of the world’s largest sources of funding and knowledge for low-income countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development on a livable planet. http://www.worldbank.org