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Trusted research, data & insights for a better world for people, nature & climate |
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Photo by IMF Photo/Lisa Marie David |
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Last year's major climate summit culminated with a hard-won agreement to scale up finance for climate action in developing countries. Wealthy nations committed to take the lead in delivering $300 billion annually by 2035. But that’s not all: Leaders also agreed to try to reach $1.3 trillion from all sources over the same time frame.
This higher target is much closer to the amount developing countries truly need to confront the climate crisis. But is it realistic? Can governments and other stakeholders deliver $300 billion, let alone $1.3 trillion? WRI experts broke down the numbers to find out. |
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Photo by EPA/Alamy Stock Photo |
| Abandoned metal and mineral mines have polluted an estimated 40% of the United States’ rivers and 50% of its lakes, threatening people and wildlife. But a recent law could help clear hurdles that have blocked cleanup efforts to date. |
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Photo by WRI/Third Factor Production |
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“Our grandmothers taught us which plants heal the soil. Now, we're teaching scientists,” says Naiyan Kiplagat. She’s one of many women leading restoration efforts across Africa. With better access to finance, which often excludes them, these women could have an even bigger impact. |
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Photo by ton koene/Alamy Stock Photo |
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Biodiversity continues to decline at an alarming rate — but not everywhere. Lands managed by Indigenous Peoples are often safe havens for wildlife. Ensuring these groups have legal rights to their traditional lands is essential to protecting Earth’s remaining species. |
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After reaching gridlock last November, UN biodiversity talks officially concluded on Feb. 28, with countries agreeing on a strategy to increase finance for biodiversity to $200 billion annually by 2030. |
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“Agreeing on the first global roadmap to finance the world’s biodiversity protection is an important step forward, but it is still only a plan without the necessary dollars on the table. Now countries need to urgently get money to the nations and communities who need it to protect their biodiversity-rich ecosystems.” |
Crystal Davis Global Director of Food, Land & Water, World Resources Institute |
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Developing countries received $116 billion in international climate finance in 2022. They've been promised $300 billion per year by 2035. This target is within reach if all sources step up their contributions. |
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WRI, in partnership with the Chinese Academy of Environmental Planning, assessed 102 cities worldwide and developed a standardized assessment framework to support low-carbon urban development, with a particular focus on Chinese cities. |
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| How much is $1.3 trillion, really?
WRI President & CEO Ani Dasgupta puts the new global climate finance target in context. |
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