Blended finance instruments aim to address market failures that limit private financial flows for sustainable activities. This workshop, hosted and organised by the Government of Luxembourg with support from the European Investment Bank, provided an opportunity to understand the main concepts of blended finance. The event was opened by Mr. Pierre Gramegna, Minister of Finance, Luxembourg, and Mr. Christoph Kuhn, Director for Mandate Management, the European Investment Bank, and proceeded with contributions from relevant public and private sector stakeholders.
The OECD and the Coalition of Finance Ministers for Climate Action held a virtual workshop on The Political Economy of Carbon Pricing Post Covid-19’, organised in co-operation with IMF and World Bank. This event occurred on 22 June, 8-10 am EDT/2-4 pm CEST and 23 June, 6.30am-12pm EDT/12.30-6 pm CEST.
There is increasing international recognition of the need to integrate climate change and environmental considerations into mainstream financial decision-making. Better access to climate-related information can enhance how climate risks are assessed, priced, and managed. However, implementing requirements around climate-related financial disclosure brings with it technical and political challenges.