Finance for climate action: scaling up investment for climate and development

A critical moment for climate action Our world is in peril: the climate crisis is accelerating. Current action is too weak and too slow; to delay is dangerous. This is also a moment of great opportunity. One path leads to attractive growth and development, the other to destruction, catastrophe and loss of lives and livelihoods on a massive scale, especially for the vulnerable. As shown by each successive report from the Intergovernmental Panel on Climate Change, climate change is occurring at a faster pace than previously anticipated, the impacts and damage are greater than foreseen, and the time for remedial action is rapidly narrowing. Emissions are still rising and tipping points getting closer. What happens in this decade is decisive for the world. Acting on climate is about transforming our economies, particularly our energy systems, through investing in net zero, adaptation, resilience and natural capital. That investment leads to a much better form of growth and developmen