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PRESS RELEASE: Bridging Climate Ambition and Finance Gaps

Raising ambition to act on climate change and raising the large amount of finance needed to do it are so completely inter-connected that governments and the entire financial sector must see it as a single challenge.

High-level representatives from across the sector at today’s COP23 Finance for Climate Day highlighted their efforts to meet the goals of the Paris Climate Change Agreement and underlined that this challenge of coordination and coherence needed to be quickly addressed.

They set out what needs to be done next by governments, cities, states, business and multilateral institutions to secure the pace and scale of investment required, before and after 2020, to meet the Paris goal of keeping the average global temperature rise well below 2 degrees Celsius and as close as possible to 1.5 Celsius.

photo credit: Walid Mahfoudh

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