Alter!’s Post

From 2021 to 2022, $1.3 trillion worth of investments went toward climate-related projects. To hit the Paris Agreement’s 1.5°C limit of warming, we need to increase that level of investment by a factor of five. To hit this ambitious climate finance goal, speed, scale and pragmatism in our approach are key. Read how we can boost climate finance in 2024: https://lnkd.in/gMysrcnN

#NewBlog As COP28 deferred most finance issues to COP29, the agreement on a New Collective Quantified Goal — a new global climate finance goal — will serve as a guide for future climate action. Our Research Analyst, Simran Sukhija writes in a new blog. As the Bonn Conference commences, learn more about the key issues related to climate finance👇 https://bit.ly/4aNHCls #climate #climatefinance #climateaction

Finance plays a crucial role in addressing the challenges posed by climate change. It is essential for enabling sustainable mitigation and management of both physical impacts and just transition. #Finance #ClimateChange #Sustainability

Global stakeholders convene in Cartagena, Colombia, to advance discussions on setting a new climate finance goal, crucial for addressing the needs of developing nations and ensuring a sustainable future. Read Details👇 #climatechange #ClimateAction #ClimateEmergency #climatefinace #COP29 #finance #climatejustice https://lnkd.in/esT-HKdg

Climate finance is like the missing puzzle piece in our efforts to tackle climate change. Without it, our picture of progress remains incomplete. In my recent blog, I delved into the intricacies of climate finance and its importance, particularly for developing countries. With COP28 deferring most finance issues to COP29, the agreement on a New Collective Quantified Goal, replacing the USD 100 billion commitment, will serve as the guiding star for future climate action. The recently released OECD report, claiming that 115.9 billion is mobilised by developed countries in 2022, is poised to ignite discussions and intensify negotiations. For further insights, read the full blog ⬇️ #Climatefinance #COP29 #climate_negotiation

Despite progress made on #emissions reductions and the financing needed to enable them, we remain off track. While #climatefinance doubled to $1.3 trillion from 2021 to 2022, we need to increase by at least five-fold annually to limit warming to below 1.5°C. #ClimateChange https://lnkd.in/eEHApseV

#COP29 starts next week, and the Climate Policy Initiative argue that annual finance flows to tackle #climate change are at least $8 trillion short of where they need to be for the next 30 years. That gap is especially acute in the least developed countries and for #adaptation.   It means that one of the spotlights next week must be on how policymakers can better incentivise private finance to narrow the gap. This short blog from our CEO Rory Sullivan offers some thoughts on how to design policy to explicitly address this challenge and overcome the barriers to investment.   https://lnkd.in/ehG2eVaJ   Nicky Amos, Robert Black, Gemma James, SDG Action. Institutional Investors Group on Climate Change (IIGCC), #GreenerTogether

The global climate agenda is being defined by intense discussions around climate finance. But largely missing from this debate is the question of who has access to this funding. There is a clear global call for more climate finance to go to help support LMICs, for it to fund adaptation, and for it to go directly to those who need it most. Yet, the world is far from achieving this vision. Roughly $4.8 trillion has been channeled into climate action, but 75 percent of this has been invested in high-income countries and it’s estimated that less than 10 percent reaches local levels. Inclusive finance can be the most effective way to distribute climate finance at the grassroots level and enable a just transition and truly global climate action. https://lnkd.in/eCAY99rv

How to Mobilize Private Climate Finance

pay attention to the first comment on this #caveat