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  • The 'Global Landscape of Climate Finance 2023' executive summary reports that average annual climate finance flows reached nearly USD 1.3 trillion in 2021/2022, nearly doubling from 2019/2020 levels. Despite this growth, current flows represent only about 1% of global GDP and remain heavily concentrated in a few geographies and sectors, primarily mitigation in energy and transport. The report emphasizes a massive gap between current flows and the estimated annual needs, which are projected to rise from USD 8.1 trillion to over USD 10 trillion by 2031-2050 to avoid the worst impacts of climate change.

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    Themes: climate financemitigationadaptationenergy transitionprivate finance
    +1 more
    public finance
    Climate Policy Initiative

    Document type: Executive summary

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