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:

  1. Integrating policies on climate action, sustainable development, and Covid-19 stimulus to minimise incremental investment requirements and optimise development co-benefits.
  2. Easing developing countries’ debt burden to create fiscal space to finance their green, climate-resilient recovery plans.
  3. Leveraging sovereign and multi-country guarantee funds to reduce investment risk and catalyse private finance.
  4. 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).

Jean-Charles Hourcade, Climate Strategies member and one of the authors of the report, presented key findings from the report to a coalition of organisations aiming to establish an International Platform for Climate Finance (IPCF). Climate Strategies is a member of the coalition alongside investors and organisations working in global finance.

Climate Strategies would like to thank the Green Climate Fund for supporting this important report.