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INTRODUCTION: ACHIEVING ADEQUATE, AMBITIOUS CLIMATE FINANCE
ÈÖßäçØáÞâÖéÚěãÖãØÚ initiatives since the Paris Agreement Milestones since 2015 in delivering financial support for a just transition to a net zero economy.
COP21 IN PARIS Paris Agreement, adopted at the meeting of the 21st Con- ference of the Parties to the United Nations Framework Convention on Climate Change, sets a long-term goal to keep global temperature rise below 2°C, with efforts to limit it to 1.5°C Developed countries committed to mobilising $100 bil- lion annually by 2020 to help developing countries mitigate and adapt to climate change
COP24 IN KATOWICE Countries agree on the implementation guidelines of the Paris Agreement, par- ticularly on climate finance transparency, reporting mechanisms, and how to meet the $100 billion target by 2020 Climate investment funds worth $1 billion pledged to climate resilience programmes in low-income countries
GLOBAL CLIMATE ACTION SUMMIT
GREEN CLIMATE FUND Green Climate Fund approves first projects, worth $1.3 billion, to support climate action in developing countries
Climate Finance Partnership bring together institutional investors, gov- ernments and philanthropies to drive private capital towards climate infra- structure in emerging markets Net-Zero Asset Owner Alliance of major global asset owners, including insurers and pension funds, commit to align their portfolios with net zero emissions by 2050
ONE PLANET SUMMIT
Hosted by French president Emmanuel Macron, the One Planet Summit supports the establishment of five public-private partnerships, raising more than $2 billion to fund the transition in developing countries
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Financing a Just Transition
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