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Scaling up climate finance in the context of Covid-19

This report aims to help financial decision-makers to align finance with sustainable development, accelerating the transition to a net-zero, climate resilient economy, based on the latest scientific findings and policy developments.

Key points

It proposes four interventions to achieve this objective in the context of Covid-19:

  • Integrating policies on climate action, sustainable development, and Covid-19 stimulus to minimise incremental investment requirements and optimise development co-benefits
  • Alleviating the debt burden of developing countries to create fiscal space to finance their green, climate-resilient recovery plans
  • Leveraging sovereign and multi-country guarantee funds to reduce investment risk and catalyse private finance
  • Increasing developing countries’ access to the green bond market