Addressing climate change, as well as biodiversity and other environmental goals, will require an unprecedented acceleration of investment and financing towards climate-friendly, nature-positive and sustainable pathways, and a shift away from harmful activities. Policies, public financial institutions, and a whole-of-government approach will need to be further leveraged to drive transformation of the financial system, along with a focus on environmental integrity and outcomes.
Progress towards net-zero emissions must go hand in hand with efforts to build the resilience of people, economies and ecosystems to the mounting impacts of climate change.
Scaling up climate-aligned finance and investment is critical to accelerating global emissions reductions, building climate resilience, and keeping the 1.5°C temperature goal within reach. In line with the Paris Agreement’s commitment (in Article 2.1(c)) to make finance flows consistent with a pathway towards low emissions and climate-resilient development, the OECD is supporting efforts to shift the financial system to achieve climate goals.
