Climate change will lead to a transformation of the world economy. It will pose challenges but will also create opportunities for business and new models for international cooperation. The question of finance is increasingly taking center stage in the debate on how to seize the opportunities and support countries in responding to the effects of climate change.
The Netherlands, with its strong financial sector and its know-how in the areas of clean tech, water and agriculture is in a unique position to create an innovative agenda for mobilising more finance for climate action in developing countries, while simultaneously seizing the commercial opportunities associated with the changes ahead. The challenge in the short term is how to ensure cooperation and translate these opportunities into concrete action and real investment on the ground.
To overcome this challenge, MoMo brings together entrepreneurs, policymakers and investors to make business propositions possible that tackle the impacts and causes of climate change in developing countries. The urgency and complexity of climate change demands that governments and companies work hand in hand on solutions that address the causes and impacts of this global issue. Special attention is needed for the scaling up of action in low- and middle-income countries where the impacts of climate change are the greatest.
To better engage the private sector in climate change mitigation and adaptation in developing countries, more bankable propositions are needed. Governments, companies and financial institutions can each play their role but have to work together to map the risks value chains are exposed to, recognize each other’s mandates and bridge information gaps.