Dr. Holmes Hummel of Clean Energy Works will be participating in an affiliate event at the Global Climate Action Summit on innovation in mobilizing capital. The focus of this session is on solutions that can unlock investments, especially from the private sector, or create enabling conditions that will be crucial to achieving climate and sustainable development goals.
Across the globe, cities are implementing their climate commitments by acting locally, and front-runners are taking steps to keep global temperature rise to well below 2ºC above pre-industrial levels by the end of the century.
At this event, experts representing development finance institutions, government, and the private sector will share their insights on the barriers and opportunities in mobilizing investment at the city level.
The second half of this invite-only event will explore emerging innovative solutions to unlock investment at the city level, including solutions incubated by the Global Innovation Lab for Climate Finance. Dr. Hummel has been championing Pay As You Save (PAYS) for Clean Transport through the 2018 Lab process and will be matched with an investor for a short interview on this system of unlocking investment for city-level climate action.