The past decade saw growing momentum, where public and private climate finance almost doubled between 2011 and 2020. However, reaching climate objectives will require climate investment to increase at least seven times by the end of this decade as well as the alignment of all other financial flows with the objectives of the Paris Agreement.
The report provides a brief overview of sources, instruments, uses and geographies in the past decade, as well as climate finance needs in the coming years by sectors and geographies. It also offers a preliminary estimate for climate finance in 2021, drawing on data published in 2022
Reflecting on the past 10 years of tracking global climate finance flows, the report presents seven key observations on climate finance in 2011-2020 and concludes with key actions to rapidly scale climate finance to the trillions.