In my opinion, the establishment of a catalytic finance bank can significantly enhance climate finance for the Global South. Nonetheless, the major challenge lies in generating a steady stream of projects that are dedicated to adaptation and mitigation. It is particularly challenging to identify a considerable number of viable small and medium-sized climate change projects in the global south, particularly when major infrastructure projects are excluded.
For more information, please refer to this article provided by the World Economic Forum.
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Published by Wael Mohamed Aaminou
While living in the US, the 2008 financial crisis’ impact on the economy and people pushed me to question the purpose of my job as a financial consultant. I ultimately shifted gears to focus my advisory efforts on fostering a more ethical finance that puts the real economy, social welfare, and environment preservation at the center. With assignments in Northwestern Africa, Middle Eastern and Southeast Asian regions, this journey led me to challenge and shape Impact finance and Islamic finance ecosystems in as varied sectors as energy, healthcare, education, and agriculture.
Working in more than 10 countries has taught me that sustainable development challenges are complex, and that a viable solution would start by prioritizing efforts on most pressing issues when resources are limited. This is particularly true for climate change which transversally impacts virtually all SDGs. Today, as a sustainability finance advisor, I mobilize people and resources toward the adaptive challenge of building together the sustainable world that our children and planet deserve.
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