This Green Climate Fund report aims to help financial decision-makers to align finance with sustainable development in the context of Covid-19. Based on the latest scientific findings and policy developments, it aims to contribute to accelerate the transition to a net-zero, climate resilient economy. The report was a collaboration between the Green Climate Fund, IPCC authors, the Indian Institute for Human Settlements and Climate Strategies. Download the report.
Scaling up climate finance in the context of Covid-19 proposes four interventions:
- Integrating policies on climate action, sustainable development, and Covid-19 stimulus to minimise incremental investment requirements and optimise development co-benefits.
- Easing developing countries’ debt burden to create fiscal space to finance their green, climate-resilient recovery plans.
- Leveraging sovereign and multi-country guarantee funds to reduce investment risk and catalyse private finance.
- Increasing developing countries’ access to the green bond market.
The Green Climate Fund launched the report at the 2021 P4G Seoul Summit on May 25th. You can watch a recording of Yannick Glemarec, GCF Executive Director, presenting key findings on this page, (Session: Green New Deal: Clean Transition to the Green Economy, starting at ca. 25:00mins).
Climate Strategies would like to thank the Green Climate Fund for supporting this important report.