GCF insight #27

The mobilisation and effective use of climate finance is crucial to address the impacts of climate change, particularly for the most vulnerable. While global climate finance flows have increased significantly, they remain insufficient to meet the urgent needs of addressing climate change. The Independent High-Level Expert Group on Climate Finance suggests that emerging markets and developing countries (excluding China) will require around USD 2.4 trillion annually by 2030 to meet climate and nature goals – four times current global investment levels.