At COP28, GISD Alliance representatives discussed the private sector’s role in ensuring a just transition and delivering on the SDGs. While emphasizing the private sector’s commitment to contributing to these agendas, the session outlined the key risks - including currency, project, and political risks – that need to be addressed to mobilize additional private capital for sustainable development and climate action in emerging markets and developing economies. Speakers welcomed coordinated efforts and encouraged GISD to promote dialogue between the private sector, policymakers, and regulators, especially in the context of the UN’s upcoming fourth International Conference on Financing for Development.
“The [UN’s upcoming fourth International Conference on Financing for Development] will address emerging financing issues in the context of multilateral efforts to promote international development cooperation...The GISD Alliance will bring stakeholders together and form multi-stakeholder partnerships to continue this dialogue and work towards a concrete outcome that addresses some of the challenges discussed.” Shinta Widjaja Kamdani, CEO of Sintesa Group and Co-Chair of the GISD Alliance
Find more information on the session and the speakers here.