Decoding the Current Global Climate Finance Architecture
Alastair Marke1 and Bianca Sylvester2, 1Secretary-General, Blockchain Climate Institute, London/Hong Kong, 2Associate Director, Clean Energy Finance Corporation, Melbourne, Australia
Abstract
To keep the planet on the 2°C trajectory, developing countries alone will require US$500 billion annually by 2030 to adequately mitigate their carbon emissions, in addition to several hundred billion additional dollars for adaptation needs. The US$100 billion a year pledged by developed countries through the Green Climate Fund is such insufficient that most of the climate finance required will have to come from the private sector. As a scene-setting chapter, it will delineate the scale ...
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