The UN Conference on Climate Change COP29 took place November 11 - 22, 2024 in Baku, Azerbaijan.
Private sector involvement in climate action is key to closing the climate finance gap, which by some estimates ranges in trillions of dollars. The World Bank Guarantee Platform's ability to mobilize private capital is essential for unlocking private sector potential for addressing climate finance needs in developing countries.
We have made climate change a priority area of its strategy, along with low-income countries and fragile and conflict-affected situations, and has sought to implement the commitments made in the World Bank Group Climate Change Action Plan.
MIGA Events at COP 29
Driving Climate Finance at Scale through Development Finance Institutions
Tuesday, November 12, 2 pm Baku/ 5 am ET
Unlocking Climate Finance through Innovative Guarantee Solutions
Wednesday, November 13, 11 am Baku/ 2 am ET
Launching a New Solution to De-risk Carbon Markets
Thursday, November 14, 9 am Baku/ 12 am ET
Deploying Guarantees to Facilitate CORSIA Implementation
Friday, November 15, 3 pm Baku/ 6 am ET
On Track: Accelerating Rail Connectivity through Guarantee Solutions
Wednesday, November 20, 9 am Baku/ 12 am ET
MIGA's Climate Work
Feature
In 2024, MIGA supported the largest mini-grid on the continent in Democratic Republic of the Congo (DRC).
Press Release
MIGA and ISA will collaborate to launch new solar power and distributed energy projects in eligible developing countries. Initially, the facility will focus on Sub-Saharan Africa, with plans for global expansion.
Climate Project
The MIGA guarantee will support the refinancing of operating rooftop solar projects in India.
