2024 NYC Climate Week - Blended finance: public and private funding for climate action (Ernst & Young)

As we move toward the critical milestone of 2030, net-zero commitments are rapidly increasing with pressure to funnel capital efficiently toward solutions that cut emissions and capture carbon. However, the urgency and complexity of the climate crisis require innovative financing mechanisms to swiftly scale these initiatives. Government policies also play a critical role, with tax policy increasingly being used by governments to incentivize domestic and foreign investment in clean and renewable energy technologies.

While financial markets are playing more of an active role in addressing climate change, combining public and private capital can provide impactful advantages by reducing investment risk and crowding in more diverse funding from a variety of sources. Risk-sharing through public-private partnerships or inventive instruments such as debt- or equity-based financing schemes can maximize the impact of limited funding.

This event will explore the concept of blended finance as a powerful tool in powering the climate transition — leveraging the strengths of public, private and multilateral investors. Speakers will discuss frontier-blended financing schemes that highlight the collaboration required across sectors for capital mobilization to foster greater sustainability and resilience on a global scale. The panel will also explore the role of tax incentives, grants, loans and other government subsidies in financing the transition.

This event is part of a series organized by Ernst & Young.