Finance for climate action is rising, but still a long way to go

Aymone Lamborelle and Claire Stam Euractiv 05-12-2018 07:30 1 min. read Content type: Euractiv is part of the Trust Project

According to the Intergovernmental Panel on Climate Change (IPCC) Special Report on Global Warming of 1.5ºC (SR15), an additional 1.5% in global investment is needed to limit the global average temperature rise to 1.5°C above pre-industrial levels.

Yet, if already under way, the shift from a brown to a green economy still falls short of what is required to meet the goals of the Paris Agreement.

How to further and accelerate the decoupling of economic growth from greenhouse gas emissions is what is at stake at COP24.