GCF Private Investment for Climate Conference 2018
Incheon, Republic of Korea
10 - 11 October 2018
The Green Climate Fund’s first conference focusing exclusively on the private sector opens today in Incheon, the Republic of Korea.
The two-day Private Investment for Climate Conference addresses the need to capture the energies and entrepreneurship of businesses in tackling the climate challenge, and comes on the heels of a seminal UN report highlighting the urgency of action needed to keep global warming to below 1.5 degrees Celsius.
More than 600 guests from over 120 countries are gathering during the conference to explore how to unlock private sector financing.
Youba Sokona, vice-chair of the Intergovernmental Panel on Climate Change (IPCC), will set the scene in the morning by quantifying the urgency of climate action evidenced by the release on Monday of the IPCC report Global Warming of 1.5°C.
The report finds that limiting global warming to 1.5°C would require "rapid and far-reaching" transitions in land, energy, industry, buildings, transport, and cities. It also finds global net human-caused emissions of carbon dioxide (CO2) would need to fall by about 45 percent from 2010 levels by 2030, reaching 'net zero' around 2050.
GCF is hosting the Private Investment for Climate Conference to explore how businesses can help to scale up climate action by the large margins needed.