Bridging the climate finance gap
Reaching US$1.3 trillion annually by 2035
This report explores global climate finance and the mix of sources and conditions needed to help reach the US$1.3 trillion annual target by 2035, supporting the transition of developing countries.
What will it take to help close the climate finance gap?
Global climate finance is at an inflection point, with pledged funding falling short of the aspirational US$1.3 trillion annual target needed to support effective adaptation and mitigation in developing economies.
Both traditional and alternative funding sources, such as multilateral development banks (MDBs), Article 6-enabled carbon markets, and philanthropic contributions, are expected to be important, along with the strategies and conditions needed to help mobilize finance at scale to support a resilient and sustainable future by 2035.
Where climate finance could come from by 2035
Projected annual climate finance from traditional sources
Potential annual climate finance from alternative sources
Potential annual climate finance from carbon markets
Projected ranges reflect low- and high-ambition scenarios
International climate finance evolution, historical and projections through 2035
Jennifer Steinmann
Frederique Blanchet
Prof. Dr. Bernhard Lorentz
