Society & Community Sustainable Development Policies & Frameworks Financing for Sustainability

Making finance flows consistent with the Paris Agreement

Financing for Sustainability

Recent discussions and reports assessing the effectiveness of climate finance flows to meet an increasing global need reveal a growing momentum for aligning such flows with the ultimate objective of the UNFCCC. This policy brief casts these developments against the goal of “making finance flows consistent” with the Paris Agreement on climate change.

  • The European Investment Bank decided to end financing for fossil fuel energy projects by 2022
  • The bank aims to unlock EUR 1 trillion in investments in climate action and environmental sustainability in the decade to 2030.