Participants at the 7th Latin American and Caribbean Carbon Forum highlighted the key role of private sector finance in mobilizing climate finance for climate change mitigation and adaptation in developing countries.
30 August 2013: Participants at the 7th Latin American and Caribbean (LAC) Carbon Forum highlighted the key role of private sector finance in mobilizing climate finance for climate change mitigation and adaptation in developing countries.The Forum convened from 28-30 August 2013, in Rio de Janeiro, Brazil, and provided a platform for experts and stakeholders to exchange their experiences of their participation in carbon markets, as well as discuss alternative pathways to reach a low-carbon future.
Hosted by the Government of Brazil, the Forum was co-organized by the World Bank, the Latin American Energy Organization (OLADE), the International Emissions Trading Association (IETA), the UN Environment Programme (UNEP), UNEP Risø Centre, the Inter-American Development Bank (IADB), the UNFCCC Secretariat and the UN Development Programme (UNDP). It brought together over 800 local, regional and international participants from private, public and the financial sectors.
Speaking at the Forum, Christiana Figueres, Executive Secretary of the UN Framework Convention on Climate Change (UNFCCC), stressed that markets are an important part of the transition to low-carbon growth, noting the contribution of the Forum to efforts towards this objective. The Forum also called for public policies and investments to be better coordinated in order to close the financial gap. [CDM Press Release] [Meeting Website]