It said current climate investment into EMDCs remained insufficient to meet the goals of the Paris Agreement
It said ensuring a just and global net-zero transition required scaling creative and effective solutions, including solutions to mobilising catalytic private investment in EMDCs. It said another action was for the IMF to continue to share the lessons learned from early RST programmes and use the roundtable to share experiences going forward.
It said another action was for participants to continue to push forward on institution-specific priorities for capital mobilisation towards climate goals discussed during the roundtableIt said participants recognised that private capital would need to play a key role in addressing the financing gap for transitioning to net zero.
The statement said in addition to the action items determined during the roundtable, the World Bank Group also launched the Private Sector Investment Lab.