1. Introduction
The World Investment Forum serves as a crucial platform where global leaders, policymakers, and experts convene to address pivotal issues shaping the investment landscape. However, for nations in the Global South, investment means more than just financial transactions; it serves as a catalyst for poverty reduction, and economic transformation. The forum acts as a bridge, connecting all actors, facilitating collaboration, and amplifying the voices of those advocating for inclusive and equitable growth.
In this context, the theme of climate finance and investment emerges as of paramount significance, particularly for regions in the Global South that often bear the brunt of climate change's adverse impacts, affecting their economies and livelihoods. Climate finance and investment are not mere buzzwords but lifelines essential for resilience and sustainable growth. These regions bring to the forum an urgent need to address climate change and biodiversity challenges through innovative finance mechanisms, sustainable infrastructure, and transformative investments that uplift communities and safeguard ecosystems. Consequently, the World Investment Forum, with its focus on climate finance investment and biodiversity, becomes a vital arena for fostering partnerships, sharing knowledge, and unlocking immense opportunities in these dynamic regions.
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2. WIF Sessions Spotlight
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2.1: Financing the Just Energy Transition Partnerships: Perspectives from Vietnam, Indonesia, South Africa
Date: October 16, 2023
Time: 11:00 – 12:30
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This session delves into the innovative Just Energy Transition Partnership (JETP) exemplified by South Africa's $8.5bn commitment at COP 26 and Indonesia and Viet Nam's respective $20bn and $15.5bn initiatives. It serves as a platform for global learning from these countries' experiences in developing and executing multi-stakeholder financing plans for their energy transitions, focusing on financing intricacies, challenges, and potential for replication on a global scale. For more …
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2.2: COP28 Global Dialogue and Investment Focused Events (Closed) Session
Date: October 17, 2023
Time: 09:00 – 18:00
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The second COP28 preparatory Global Dialogue and Investment Focused Events, held from October 15-17, build on COP27 agreements. They focus on climate finance and investment, aiming to address energy transition challenges, propose solutions, and unlock finance for on-the-ground mitigation projects. Organised by the incoming COP28 presidency, in partnership with key organisations, these events are crucial for COP28 preparations, accelerating climate action and sustainable finance. For more …
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2.3: Stock Exchange Actions on Climate Disclosures
Date: October 18, 2023
Time: 16:00 – 18:30
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This session at the World Investment Forum will review the progress of 55+ global stock exchanges collaborating with the UN Sustainable Stock Exchanges (SSE) initiative and the International Finance Corporation (IFC) in climate disclosure training. It will discuss lessons, challenges, and opportunities arising from these market education efforts. For more …
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2.4: Strategic Minerals for Decarbonisation
Date: October 18, 2023
Time: 15:15 – 17:15
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This session at the World Investment Forum highlights the essential role of 45 million artisanal miners globally and their contribution to strategic mineral extraction for decarbonisation. It seeks to address their vulnerabilities and ensure a just transition for over 220 million dependents. The discussion covers artisanal mining realities, its impact on mineral supply for the energy transition, and its potential for driving sustainable development through investment capabilities that facilitate formalisation. For more …
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2.5: Annual Investment Congress Partner Event
Date: October 19, 2023
Time: 10:30 – 13:00
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The 2024 Annual Investment Meeting (AIM) Congress aims to tackle persistent global economic challenges while focusing on opportunities. It will address issues like inflation and emerging risks such as financial market changes and China's slowdown. AIM Congress will emphasise digitalisation gains, inclusive labour markets, urban business dynamism, supply chain solutions, and market opportunities for global economic development. For more …
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2.6: High–Level Panel on Investment in Sustainable Infrastructure
Date: October 20, 2023
Time: 09:00 – 10:45
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This high-level panel convenes industry leaders, financiers, and government representatives to discuss sustainable infrastructure investment, particularly in developing countries. They aim to identify key policy priorities to boost international finance for areas like power grids, low-emission transport, and climate adaptation. For more …
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3. Investment News Roundup
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3.1 Private sector participation lags in India's climate financing efforts, claims report
A new report titled, “Climate, Community, Cooperation: An Indian Approach to Adaptation in the Global South,” highlights the challenges in climate financing for adaptation in India and says it is essential for national governments and stakeholders to assess their climate finance needs and mobilisation strategies. The report calls for increased private-sector involvement in catalysing climate finance.
To learn about the solutions to finance climate transition, a session at WIF 23 titled, “Financing The Climate Transition: The Way Forward” will delve into the challenges before the world to invest in climate finance and possible solutions for the financing of climate transition. The session would bring together the insights and outcomes generated throughout the climate finance and investment track of the Forum, summarising key points that will feed into negotiations at COP28 for the benefit of Heads of Delegations and the wider audience.
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3.2 India INC responding to decarbonising call by putting a price on GHG emissions
India INC is responding to the decarbonising call and shaping businesses for an impending carbon-constrained future. Last year, 122 Indian companies voluntarily disclosed their greenhouse gas (GHG) emissions, of which 42 incorporated Internal Carbon Pricing (ICP), one of many strategies companies across the globe are increasingly adopting to reduce GHG in their operations and supply chains.
In the quest to understand carbon markets better, a session on ‘Carbon Markets’ at WIF 23 aims to provide an overview of different types of carbon markets and discusses the role exchanges and securities market regulators can play in making carbon markets work most effectively in combatting climate change.
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3.3 AIIB unveils plan to tackle climate change
The Asian Infrastructure Investment Bank (AIIB) has launched its inaugural Climate Action Plan (CAP), a milestone in the bank’s ongoing commitment to combatting climate change. Designed to guide AIIB’s climate ambition from 2024-30, the CAP brings together the principles governing the bank’s climate financing while identifying crucial action areas that will steer AIIB’s investments in support of its members.
A session at the WIF 23- Financing the Climate Transition: The Way Forward will discuss the contemporary approaches to climate finance and suggest ways of tackling climate change in the future. The session will bring together the insights and outcomes generated throughout the climate finance and investment track of the Forum, summarising key points that will feed into negotiations at COP28 for the benefit of Heads of Delegations and the wider audience.
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