Global Climate Finance: An Updated View 2018

Climate finance continues to be the central issue in how the global community proposes to follow through with implementation of the Paris Agreement. This is appropriate in the context of the last IPCC report showing a USD 1.6-3.8 trillion energy system investment requirement to keep warming within a 1.5 degree Celsius scenario to avoid the most harmful effects of climate change (IPCC, 2018).

Since 2012, Climate Policy Initiative (CPI) has sought to comprehensively track domestic and international investment from both the public and private sectors in activities that address and respond to climate change, i.e. both mitigation and adaptation.

In November 2018, the United Nations Framework Convention on Climate Change (UNFCCC) published its third Biennial Assessment and Overview of Climate Finance Flows. To inform this exercise, we reviewed estimates on climate finance flows for the years 2015 and 2016, as previously reported in the Global Landscape of Climate Finance 2017, and incorporated new data released during the year.