We discuss how climate finance needs to grow dramatically from its present level to meet the 2030 goals. Clean energy finance needs to be scaled up significantly, with an estimated need of $3 to $5 trillion annually. Currently, we are around 10% to 20% of the necessary levels of meeting the Paris goals set for 2030 and 2050. However, a granular look at the current level of investment in different mitigation segments should excite all investors that the opportunities are in their infancy.
David Carlin leads the UNEP FI’s climate risk programs and has worked with over 100 global banks, investors, and insurers on climate scenarios, climate risk assessments, and climate governance.
