💨 Abstract

The report by the Climate Policy Initiative shows that global investment in combating and adapting to climate change increased from $674 billion in 2018 to nearly $1.5 trillion in 2022, but must increase fivefold by 2030 to limit warming to 1.5 degrees Celsius. Currently, climate finance represents only 1% of global GDP, far short of the required level.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖