Mobilizing climate finance flows

Nordic approaches and opportunities

image of Mobilizing climate finance flows

If the Agreement’s goal - limit the global temperature increase below 2°C - is to be met, all financial flows need to shift dramatically and rapidly from current investment patterns to 2°C compatible pathways. This study analyses the roles Nordic actors might play in mobilizing finance flows internationally and outlines a roadmap that can guide joint Nordic action during the next five to ten years. While the roadmap covers components of “climate related ODA” and climate compatible contributions from the private sector, the focus of the roadmap lies on the crucial bridging and dialogue that is required between key actors. Building on identified Nordic strengths and areas needing accelerated international support, the report concludes with a set of immediate next steps to operationalize the roadmap in 2017-2018.



Climate finance needs

This section looks at climate finance needs from a global as well as developing country perspective. As a starting point key elements from the Paris Agreement are highlighted which are relevant for climate finance as well as the finance sector more broadly. This is followed by an overview of finance needs as articulated in the (Intended) Nationally Determined Contributions (INDCs)3 submitted by countries as part of the Paris process. The (I)NDC analysis is complemented by a summary of findings on four cases studies to better understand country and sector specific finance and support needs.


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