COP29 in Baku, Azerbaijan, shone a spotlight on climate finance and the urgent need to unlock capital for underserved regions. In an interview with Environmental Finance article on the eve of the conference, Tamar Pashtan, Senior Director and Head of Impact at Vital Capital, outlined key priorities for negotiators to address, emphasizing the important role of blended finance in mitigating risks and increasing impact.
“Pooling and scaling blended finance for climate outcomes in the Global South will be one of the greatest levers to attract private capital in our markets,” said Tamar.
Tarmar highlighted the unique ability of blended finance vehicles to de-risk investments, attract new investors, and expand limited partner commitments, all of which are essential to meeting the ambitious climate finance goals being debated at COP29.
Read the full piece in Environmental Finance here.