17 December 2019: The Green Climate Fund (GCF) and the Global Environment Facility (GEF) organized an event addressing their respective roles in blended finance during the 2019 UN Climate Change Conference in Madrid, Spain. The event, held on 9 December, discussed the ways in which the GEF and the GCF are using development capital to mobilize additional private finance to drive green investments and create new climate finance markets. The speakers discussed, among others, the ways in which blended finance can be used to break through the limitations on what is bankable or not, build confidence for first time investors, and ways to avoid crowding out private investment by making public climate finance catalytic.

To read the full summary of the event, visit the IISD website.