
The GCF Private Investment for Climate Conference (“GPIC”) is a global marketplace and ecosystem where leading private sector actors including project sponsors, institutional investors, financial institutions, climate leaders, and the public sector come together to accelerate climate action in developing countries. This year’s GCF Private Investment for Climate Conference, focusing exclusively on the private sector gathered more than 600 participants from over 100 countries. On the second day of the GPIC, under the theme of Mobilizing Institutional Investors and the Global Finance Sector for Climate, Co-chair Ban said,If we delay action today, we’ll have to pay much a dearer price tomorrow. Let us show the world that we can work and thrive together to make this planet better and sustainable. — Ban Ki-moon
The private sector manages more than $210 trillion in assets but invests less than 5% in climate finance. The climate crisis is too big, too serious, too urgent to use the resources of public institutions alone.
