Our Cadmus UK team attended the London Climate Action Week 2024 and saw many key principles of our firm's work reflected throughout numerous LCAW events. We were pleased to see #ClimateFinance as a major focus. Camille Dominique Kajdrys reflects on important takeaways: #LCAW2024 #ClimateAction
Last week was inspiring, insightful, and exhausting, but it certainly brought some hope! I had the privilege of attending several events organised by British Expertise International and Devex as part of the London Climate Action Week 🌍🙏 Key events included "The UK’s International Leadership Role in Climate Finance" and "Retrofitting Climate Change in Economic Development Programmes," both hosted by British Expertise International, as well as the Devex Climate + Finance event. These events underscored several critical points for me: 🌍 Collaboration and partnerships across sectors are vital for effective climate action. By giving ownership to the right stakeholders and involving the private sector early on, we can drive meaningful change and make the most of the money available for this crucial transition. 🌍 Closing the finance gap is crucial, especially in developing countries. While 85% of green transition funding in developed economies comes from the private sector, this ratio is reversed in developing countries where only 14% comes from the private sector. 🌍 Blended finance needs to be targeted and plays a critical role in de-risking investments, particularly in developing countries. Soft money is essential for preliminary project work, such as development and funding applications, ultimately building a robust pipeline of green projects for investors. 🌍 Country platforms could be the key to aligning national development priorities with climate goals. These platforms bring together the right people to make joint decisions, ensuring that climate actions are integrated into broader development agendas and money can be used most efficiently. I am extremely proud to see these and many other principles reflected in our work at The Cadmus Group. Through one of our #ClimateFinance projects, we work on creating a cohesive vision for scaling up sustainable financing across the #ASEAN region. We engage ASEAN regulators directly in discussions on closing the climate finance gap and enabling regional capital markets, banking, and insurance sectors to drive the green and sustainable finance agenda. On Invest Salone, we support climate-smart agriculture projects, work with Sierra Leone's financial sector to close the green skills gap, and have conducted an analysis of the current state of the carbon market landscape in Sierra Leone. A big thank you to all the speakers and organisations involved! Foreign, Commonwealth and Development Office, UNDP, British International Investment, British Expertise International, The Rockefeller Foundation, EBRD, Systemiq Ltd., International Institute for Environment and Development (IIED), and many others. Your insights and efforts are truly inspiring! #LCAW2024 #ClimateAction #SustainableFinance #ClimateFinance #BritishExpertiseInternational #Devex #Collaboration #BlendedFinance #GreenTransition #CadmusInternationalUK #CadmusGroup #Sustainability #BeatTheHeat #ASEAN
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