During the discussion, Philip highlighted that carbon finance is not a standalone solution, but can play an important role in mobilising private capital for climate action when applied effectively.
He noted that carbon finance has previously supported the growth of renewable energy in Africa and could play a similar role in least developed countries. He also pointed to green bonds as a useful instrument when directed toward new, high impact projects, and emphasised the importance of finance in connecting capital with practical outcomes on the ground.
The discussion reinforced the importance of aligning financial structures with real world projects that deliver lasting environmental and social benefits.
