The need for more and better jobs to combat poverty has been exacerbated by the pandemic crisis. Two months ahead of COP26, we are also at a critical juncture to stop the longer-term climate crisis.
At the Norfund Conference 2021 we discussed what must be done to bridge the gaps to protect and create jobs and to enable green growth in developing countries.
Watch the recording of the event here:
Bridging the Gap to Protect and Create Jobs
11.30 – 12.45 (CEST)
Developing countries are hit hard by the pandemic and the effect on employment and economies will be deep and long lasting. Already before the pandemic, more than 10 million African youth were entering the labour force, while only 3 million formal jobs were created – every year. Now that gap is even greater.
- What will it take to protect and create and protect jobs at speed and scale in developing countries? And where will the jobs come from?
- What role will development finance take in bridging the financing gap for job creation and rebuilding economies?
Bridging the Gap to Green Growth
13.30 – 14.45 (CEST)
Access to energy is a precondition for job creation and economic growth in developing countries. To stop the climate crisis this growth must be green – based on renewable energy. This in turn requires enormous investments – a sevenfold annual increase (IEA) – in markets where capital is scarce and expensive.
- What will it take to mobilise capital at the scale required to finance green growth in developing countries? And where will the money come from?
- How can development finance be a catalyst to bridging the massive financing gap for renewable energy in developing countries?