Al Jaber emphasizes need to reform to unlock trillions in climate finance

Al Jaber emphasizes need to reform to unlock trillions in climate finance

At a panel discussion on Thursday, organized by the Rockefeller Foundation and on the side-lines of the World Bank / IMF Spring Meetings, Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President-designate, emphasized the need to reform international financial institutions and partner with private sector leaders, to unlock trillions of dollars in climate finance to enable climate action.

Dr. Al Jaber was joined on the panel by Mia Mottley, Prime Minister of Barbados; Amina J. Mohammed, Deputy Secretary-General of the United Nations and Chair of the United Nations Sustainable Development Group; Bruno le Maire, Minister of Economy, Finance and Recovery of France; and John Kerry, United States Special Presidential Envoy for Climate. The event was moderated by Foreign Policy publisher, Andrew Sollinger.For the latest headlines, follow our Google News channel online or via the app.Responding to a question on the reform of International Financial Institutions and Multilateral Development Banks, Dr. Al Jaber emphasized the need to increase the affordability, availability, and accessibility of climate finance to accelerate climate action and a just energy transition, according to Emirates News Agency (WAM).

“While the world united in Paris around the goal of stopping global temperatures from rising