Mobilizing resources urgently for climate action: overcoming longstanding challenges and learning from Covid-19

Heinrich-Böll-Stiftung

Download

• Link copied!

Abstract: The Covid-19 pandemic has shown that countries can marshal significant resources quickly and at scale in an emergency. The climate crisis requires no less. First and foremost, that means resolving longstanding issues of climate finance -- definitional disputes, access to financing, the obstacle of indebtedness, and underneath them all, trust that rich nations will deliver on their outstanding and new climate finance commitments. Only then can the international system ensure that the poorest and most vulnerable people, communities, and countries can make the necessary changes the whole world needs.