Frankfurt School of Finance & Management joins Global Capacity Building Coalition

• The mission is to accelerate capacity building for financial institutions and stakeholders in emerging markets and developing economies (EMDEs), supporting the transition to a Net Zero economy
• The goal is to unlock climate finance and to accelerate climate transition in EMDEs
• The Global Capacity Building Coalition (GCBC) will benefit from Frankfurt School’s extensive expertise in climate and sustainable energy finance

Frankfurt School of Finance & Management is a new member of the Global Capacity Building Coalition (GCBC). This has been announced by Simon Thomson, Managing Director, Global Capacity Building Coalition, during the GCBC event at New York Climate Week on 24 September 2024. The GCBC, a coalition committed to enhancing capacity-building efforts in financial institutions and emerging markets, will benefit from Frankfurt School’s extensive expertise in climate and sustainable energy finance.

The GCBC’s mission is to accelerate the availability and effectiveness of capacity building for financial institutions, finance professionals, and stakeholders in emerging markets and developing economies (EMDEs), supporting the global transition to a Net Zero economy. The ultimate goal is to unlock climate finance and to accelerate climate transition in EMDEs.

Frankfurt School will play a key role in contributing knowledge, resources, and tools through GCBC’s newly launched beta version of its digital platform www.capacity-building.org. The platform hosts capacity-building materials, case studies, and live learning opportunities and is designed to be a go-to global resource for financial institutions developing climate action strategies, particularly in emerging markets and developing economies. Long-term, the GCBC aims to foster regional capacity-building ecosystems and drive the climate agenda forward through collaboration with financial institutions, multilateral organisations, and academic institutions like Frankfurt School.

Frankfurt School will actively contribute to GCBC by sharing relevant climate finance resources, case studies, and events, as well as supporting the development of the digital platform. This collaboration closely aligns with Frankfurt School’s strategy to drive climate finance education and capacity-building projects in line with the EU Green Agenda.

Fatma Dirkes, Vice President Frankfurt School of Finance & Management, explains: “Our university is proud to support GCBC’s work, alongside 30 new global members, to address the lack of resources and information on how to efficiently and effectively finance the transition to net zero, particularly for EMDEs. Since the early 1990s, the Development Finance team of Frankfurt School has been committed to improving financial markets and increasing access to financial services worldwide. We recognise the challenges faced by EMDEs in mobilising capital for the climate transition and believe through capacity building, we can empower their efforts to take action against climate change.”