Total climate finance has steadily increased over the last decade, reaching USD 632 billion in 2019/2020.

However, this is nowhere near enough finance to limit global warming to 1.5 °C.

Climate Policy Initiative has analyzed and aggregated scenarios that explore climate finance needs for energy systems, buildings, industry, transport, and other mitigation and adaptation solutions.

And using these future needs estimates, Climate finance must increase by at least 588% to USD 4.35 trillion by 2030 to meet our climate objectives.