Announcement: Dan Ioschpe will lead as COP30 High-Level Champion. Read more here.
To create a world that is net zero, resilient, and nature positive by 2050, climate finance flow must be accelerated to where it’s needed most. According to the International Energy Agency, an estimated $US4.5 trillion per year in investments needs to be unlocked to halve emissions, reverse nature loss, and build resilience for the world’s most climate-vulnerable people.
Climate finance has been a critical element in the Paris Agreement from the outset, with Article 2.1c calling for all financial flows to be consistent with a pathway towards low greenhouse gas emissions and climate-resilient development. This is why the High-Level Champions have created 'Regional Platforms for Climate Projects' — to continue demonstrating that a meaningful pipeline of investable climate opportunities exists, including importantly across developing economies.
Find Out More Regional Platforms for Climate ProjectsInvesting in nature-based solutions and tackling deforestation represent an economic opportunity for the financial sector.
Investing in nature and sustainable practices can deliver significant, mutually reinforcing benefits for businesses. Now more than ever, we need business ingenuity and resourcefulness to create wellbeing and a healthy planet.
Financial institutions also have a role in engaging their investors and clients to halt deforestation across their commodity supply chains.
Find out more Find out moreAdaptation funding remains significantly below the needed levels, especially in developing countries where the $27.5 billion in 2022 fell far short of the $387 billion required annually until 2030.
Together with the Race to Resilience and Sharm El-Sheikh Adaption Agenda, we are championing blended finance solutions – including private, public, philanthropic and more – to close this gap, making projects more attractive to investors and reducing the risk of capital.
Read more here COP29 makes progress towards mobilizing increased climate financeInsurance is the foundation of the capital stack, and it is only by treating it as a strategic priority that we can unlock the $19 trillion in investment capital that has already been committed to finance the climate transition through to 2030, with over $10 trillion of this overall figure requiring insurance coverage.
We plan to fully leverage the enabling power of insurance and advance six high-impact solutions to accelerate the climate transition.
Read the report The_Great_Enabler.pdfRace to Zero is the world’s largest coalition of non-State actors taking immediate action to halve global emissions by 2030. Financial actors such as banks, insurers, asset managers and more are aligning their operations and portfolios to deliver a healthier, fairer, net zero world.
Click here for details Race to Zero