Mobilisation of Sustainable Financing in Latin America and the Caribbean

Mobilising private capital is essential to close the massive funding gap for climate and biodiversity action. The international target –recently reiterated at COP30 in Belem- aims for $1.3 trillion annually by 2035 for climate action (public and private). Public funds and development-bank lending alone cannot meet the trillions in investment needed for climate and biodiversity action. Private investment brings scale, innovation, and long-term financial capacity — especially critical in regions like Latin America, where fiscal limits and high social needs constrain purely public funding.

The International Climate Initiative (IKI) recognises this need and explicitly aims to mobilise and leverage private capital in addition to public funds. In its 2030 Strategy, the IKI promises to mobilise at least EUR 1.5 billion of private capital for climate change mitigation, biodiversity conservation and/or adaptation to the impacts of climate change in the partner countries.

The aim of this event is to promote the exchange of experiences, approaches, and lessons learned from IKI projects, regarding sustainable financing in climate action and biodiversity conservation in the LAC region. In a regional exchange, projects and key stakeholders will explore strategies to leverage, mobilize and catalyse private sector funds and how to combine public and private resources to scale climate action in IKI projects.

This event is organised by the IKI Interfaces in LAC to strengthen knowledge management among IKI projects at the regional level in Latin America and the Caribbean.