The role of international climate finance initiatives

Financial institutions have a critical role in stepping up the actions against climate change. In Article 2 of the Paris Agreement, nations agree to scale up finance flows consistently, opening a pathway towards low greenhouse gas emissions and climate-resilient development. Consequently, ‘climate finance’ will continue to remain central to the climate change agenda. The recent United Nations Climate Action Summit brought together governments, the private sector, civil society, local authorities and international organisations to develop ambitious solutions to align public and private finance with a net-zero economy.