Climate finance needs to rise sharply to $5 trillion a year globally by 2030 to fund measures to fight the climate crisis, a study shows
The study called for a significant ramping up of investments to fight climate change, especially for developing countries.
From transport to agriculture and electricity, progress is lagging in all sectors on reducing planet-heating emissions at the pace required to limit global warming to 1.5 degrees Celsius and avoid its worst effects, a study by five green groups found. One of the 40 indicators it assessed are in line with the 2015 Paris Agreement goal of reining in average temperature rise to "well below" 2C, and ideally 1.5C, above preindustrial times.
Boehm, from the World Resources Institute, a US-based think-tank that worked on the study, said the findings should provide a "clear-eyed view" of the effort needed as governments head to the UN COP26 climate summit that kicks off on Sunday.
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