Financial experts call to increase priva • Table.Briefings

Mia Mottley, Prime Minister of Barbados, in the plenary hall at the UN Climate Change Conference in Dubai (COP28).

A recent report on the restructuring of the global financial system illustrates how international financial flows must change in order to stay within the 1.5-degree target. Private funds, in particular, must be massively increased.

International financial experts have called for drastically increasing international climate finance and made recommendations on how the increase can contribute to achieving the 1.5-degree target. In the second report of the Independent High-Level Expert Group on Climate Finance (IHLEG), the authors call for this to be achieved by 2030:

Financial experts call to increase private climate financing 15-fold

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