Financing a global deal on climate change

This paper outlines a framework for mobilizing the global finance sector to address climate change. It focuses on the critical need to integrate banking, investment, and insurance resources into an effective, efficient, and equitable global climate deal. The paper proposes concrete actions to stimulate financial involvement, particularly in developing countries, by reducing investment risks in low-carbon technologies and improving the operation of flexible mechanisms like the Clean Development Mechanism. Key recommendations include establishing funding for low-carbon technology deployment, creating an international carbon insurance vehicle, and enhancing investment in sustainable buildings and forestry.