Abstract & Overview
Many private and public sector leaders agree on the urgent political and business imperative of addressing climate change, and of sustainable development and sustainable investment more broadly.While public resources are important to advance this process, mobilizing private investors is essential to financing climate change mitigation and adaptation and to closing the United Nations Sustainable Development Goals' investment gap.A significant share of global investment capital is concentrated in the hands of a relatively small number of institutional investors and banks.Engagement and alignment of global policymakers with investors around areas of shared interest will be essential to ushering in the new era of climate finance and of sustainable investment and development.Acting jointly, leaders of the global investing community can be highly effective in reshaping markets -by allocating investments to, and creating the enabling environment for, companies and projects that support their shared objectives.The World Bank Group prepared this report, Climate Change in APEC: Assessing Risks, Preparing Financial Markets, and Mobilizing Institutional Investors to inform policymakers, financial sector regulators, and investors from across APEC member economies about the interconnected climate change challenges that they face.This report aims to help these stakeholders better understand the human and economic risks that climate change poses to the region and to provide them with a starting point for discussions about opportunities for action.