Contributors Acknowledgements The World Economic Forum would such as to extend their gratitude to the following individuals for their valuable contributions to this report. The paper does not necessarily reflect the views of these individuals and/or their organizations. Expert advice is purely consultative in nature and does not imply any association with the takeaways or conclusions presented within this paper. Prasad Ananthakrishnan Advisor, Climate Finance, Monetary and Capital Markets Department, International Monetary Fund Dana Barsky Global Head of Sustainability Strategy and Net Zero, Standard Chartered Bank Barbara Buchner Global Managing Director, Climate Policy Initiative Rakesh Choudhary Associate Director, KPMG Shubham Choudhary Assistant Manager, KPMG Sophie De Coninck Director, Means of Implementation Division (Climate Finance, Capacity Building and Technology), UN Climate Change Chris Croft Partner, KPMG Jamie Fergusson Global Director, Climate and Nature, International Finance Corporation CJ Fonzi Chief Operating Officer, Africa Climate Ventures Linda Freiner Group Chief Sustainability Officer, Zurich Insurance Group Silvan Jurt Partner, KPMG Rachel Kyte UK Special Representative for Climate Inge-Lise Mackaay Head of ESG Solutions, FIC, Deutsche Bank Olivier Mahul Global Manager, Climate Finance Mobilization Unit, World Bank Christopher Marks Head of Emerging Markets, Corporate Banking EMEA, MUFGWorld Economic Forum Nasim Pour Lead, Climate Finance Christin Martens Specialist, Climate Finance Laia Barbarà Head, Climate Strategy Pedro Gomez Head, Industry Agenda, Member of the Executive CommitteeKPMG Cathy Chen Associate Director, Climate Finance Lead, KPMG International; World Economic Forum Fellow Mike Hayes Partner, Climate Change and Decarbonization Leader, Global Head of Renewable Energy, KPMG International Ruba Amarin Director, International Development, Energy Transition and Sustainability, KPMG US Christy Mitchell World Economic Forum Lead, KPMG International Hammond Ozakpolor Assistant Manager, KPMG UK Natasha Leitch Associate, KPMG UK From Risk to Reward: Unlocking Private Capital for Climate and Growth 46

Risk to Reward 2025