Global landscape of climate finance 2015

Abstract

The Landscape of Climate Finance 2015 provides the most comprehensive information available about which sources and financial instruments are driving investments towards low-carbon and climate-resilient actions globally, and how much climate finance is flowing globally. Climate finance commitments represent a growing share of DFIs’ business volume, highlighting the integration of climate change considerations into their operations. Private investment in renewable energies grew 26% in 2014, driven by record-level installations, with an increase observed from 2013 to 2014 assisted by a decrease in solar PV module prices and onshore wind costs. Some renewable energy technologies are edging closer to becoming fully cost competitive with fossil fuels. Nevertheless, additional climate finance is required. Approximately USD 16.5 trillion are required from 2015 to 2030 to orient the global energy system towards a trajectory consistent with the 2°C goal, with further investment required to reduce land use emissions and enable adaptation to climate change impacts. – AI-generated abstract.