@EconMitch and I came up with similar numbers - a face value climate finance fig. of ~$215bn in 2035.
And that's *before* you consider MDBs' aim of 50% climate - if they hit that, we might expect $275bn in a no-effort scenario.
Model available here: cgdev.org/publication/ba…
And that's *before* you consider MDBs' aim of 50% climate - if they hit that, we might expect $275bn in a no-effort scenario.
Model available here: cgdev.org/publication/ba…
www.cgdev.org Baselines for the New Climate Goal: Why $200 Billion Means No Ambition A major shortcoming of the $100 billion climate finance goal agreed in 2009 was the absence of a clear baseline. With draft negotiating text for a new climate finance goal now available, we set out... Important note: On a "business-as-usual" trajectory, with...View quoted post on X
⛔️NO new finance pledges
⛔️NO new finance system reforms
⛔️NO extra effort
Climate finance reaches ~$200bn by 2030
...According to analysis by @WatsonCharlene @joethw8s @DavidRyfisch @elecogo
nrdc.org/bio/joe-thwait…
