It's time for recovery finance to step up

The Climate Policy Initiative calls on development banks and global financial actors to move beyond immediate COVID-19 relief and utilize recovery finance to address climate change and inequality. It advocates for linking loans to sustainable outcomes, funding energy efficiency and resilient infrastructure, and ending fossil fuel financing. To guide this transition, the organization has convened an Advisory Council to develop 'Principles for Financing the Sustainable Recovery' aligned with the Paris Agreement and Sustainable Development Goals.

• Current COVID-19 relief measures, including $10 trillion from governments and central banks in 50 countries and $160bn from the World Bank Group, are insufficient to shift the global growth trajectory toward resilience against climate change and inequality.
• Development financiers can drive a sustainable recovery by linking loans to sustainable outcomes, prioritizing sectors like energy efficiency and climate resilient water infrastructure, and stopping the financing of fossil fuel projects that lack future financial viability.
• The Climate Policy Initiative has established an Advisory Council of experts to create 'Principles for Financing the Sustainable Recovery' to ensure recovery finance aligns with the Paris Agreement and Sustainable Development Goals.

APA

Kahn, R. (2020). It's time for recovery finance to step up. Climate Policy Initiative. https://www.climatepolicyinitiative.org/its-time-for-recovery-finance-to-step-up/

Chicago

Kahn, Rob. It's time for recovery finance to step up. Climate Policy Initiative, 2020. https://www.climatepolicyinitiative.org/its-time-for-recovery-finance-to-step-up/.

Wikipedia

{{cite press release |last1=Kahn |first1=Rob |title=It's time for recovery finance to step up |publisher=Climate Policy Initiative |date=11 November 2020 |url=https://www.climatepolicyinitiative.org/its-time-for-recovery-finance-to-step-up/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{kahn2020its, author = {Kahn, Rob}, title = {{It's time for recovery finance to step up}}, publisher = {Climate Policy Initiative}, year = {2020}, month = nov, url = {https://www.climatepolicyinitiative.org/its-time-for-recovery-finance-to-step-up/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }