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Climate Financing

Necessary investments in all developing countries for mitigation are estimated to be between $140 billion to $175 billion per year by 2030, while adaptation cost estimates for Asia and the Pacific are in the order of $40 billion per year between now and 2050

Through mechanisms such as the Climate Investment Funds, multilateral development banks have mobilized $6.5 billion for climate action in developing countries, with $2.5 billion earmarked for Asia and the Pacific. For the massive financing required to combat climate change, the key will be using limited public sector funds to leverage significant amounts of private capital, and to get the right technologies into the hands of as many partners as possible, as quickly as possible.