Global landscape of climate finance 2021
Global landscape of climate finance 2021
The 2021 edition of Climate Policy Initiative’s Global Landscape of Climate Finance provides the most comprehensive overview of global climate-related primary investment. Total climate finance has steadily increased over the last decade, reaching USD 632 billion in 2019/2020, but flows have slowed in the last few years. This is a worrying trend given that COVID-19’s impact on climate finance is yet to be fully observed. The increase in annual climate finance flows between 2017/2018 and 2019/2020 was only 10% compared to previous periods, when it grew more than 24%. An increase of at least 590% in annual climate finance is required to meet internationally agreed climate objectives by 2030 and to avoid the most dangerous impacts of climate change.