6 Finance




- Invest at least $200 billion public and $800 billion private resources in climate action each year.
- Increase the amount of philanthropic funding for the climate movement by ten-fold from 2016 levels.
- Multiply the green bond market’s annual issuance by ten-fold from 2016 levels.
- Ensure that institutions disclose climate-related financial risks and that credit ratings fully incorporate them.
- Eliminate fossil fuel subsidies.
- Cancel the capital expenditure for expanding coal.
- Implement a carbon pricing mechanism within and across all major economies.

- Sub-national governments have direct access to international finance and are able to fund climate-investments through low-cost capital.
- Development banks (national, bilateral and multilateral) have mainstreamed climate finance in their core-strategies, and all of their new and existing investments are compatible with a 1.5C scenario.
- Risk-reduction mechanisms for zero-emission investments are significantly scaled up, and consequently the cost of capital for investment in climate action in emerging economies is lowered.
- Impact investors prove instrumental to anchor higher-yielding zero emissions projects.
- Institutional investors understand the urgency of climate action and embrace their role in transitioning to a Paris-compliant financial system by aligning their investment portfolios.