While public actors have a responsibility to deploy climate finance, it is clear that the contribution from the private sector needs to be significant. Consequently, a strong public commitment is needed to engage with the private sector and ensure climate finance is leveraged and deployed effectively.

The Paris Agreement that was reached on 12 December 2015 delivered a universal accord on reducing greenhouse gas (GHG) emissions to a level that would keep the planet well below 2 degrees Celsius warming. Following that agreement, implementation is key and countries now have the task to accelerate the pace at which GHG emissions are reduced.