The European Association of Development Finance Institutions (EDFI) and its members strongly believe that the private sector plays an essential role to enable sustainable development for all. To ensure sustainable development we need to fight climate change and the private sector should be part of the battle. The Global Commission on New Climate Economy (NCE) has estimated the total investments needed to adapt to climate change at USD 350 trillion for the coming 15 years. This is a huge challenge which can only be tackled if we reconsider the way we bring together necessary funding and develop new and innovative financial solutions.
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