Make low-carbon and resilient investments: A leverage to renovate economy in crisis

C. Cassen

Adequate financial flows are urgently needed in the near future to support mitigation and adaption efforts in order to meet the 2 °C stabilisation target and to prevent developing countries from locking in carbon intensive development pathways. Climate finance can play a significant role in mainstreaming climate challenges into sectoral policies and decision making at the global and local levels albeit the adverse contexts of economic crisis, common public debt (most OECD countries), environmental urgency and current climate negotiations. This includes the development of financial mechanisms supported by established institutions, public and private interests. It is therefore imperative that international negotiations should provide a framework to climate finance initiatives.