When the European Parliament declared climate emergency, MEPs noted that pledges by developed countries do not meet the UN’s collective goal of $100bn of investment per year from 2020. According to Mafalda Duarte, the head of Climate Investment Funds (CIF), one of the largest multilateral climate finance mechanisms, “Europe needs to play a leadership role” to aid climate change adaptation in lower and middle-income countries.
Duarte, manager of the $8.3bn fund, outlined why all eyes are on Europe when it comes to climate finance ambition and what makes an investment ‘sustainable’.
Please enter your details
Not a subscriber?
Take a free trial now to discover the critical insights and updates our coverage offers subscribers.