Investment in clean energy has risen substantially over recent years, but we are still not safe from the 2°C threshold for climate change. The world needs greater access to climate finance, explains Christiana Figueres, Executive Secretary, United Nations Framework Convention on Climate Change
Financing a transition to a low-carbon world – one that can keep a global temperature rise under 2°C this century – requires the determined and timely deployment of smart public policies able to unlock ever greener investment flows.
- a coalition of institutional investors committed to decarbonising $100 billion by December 2015 and to measuring and disclosing the carbon footprint of at least $500 billion in investments; and
- the insurance industry committed to doubling its green investments to $84 billion by the end of 2015, and announced its intention to increase its investment in climate-smart development to 10 times the current amount by 2020.