Mind the gap: bridging the climate financing gap with innovative financial mechanisms

GGGI launched an Insight Brief titled ‘Mind the Gap: Bridging the Climate Financing Gap with Innovative Financial Mechanisms’. This report aims to advance the public sector’s understanding of innovative financial mechanisms by examining their function, characteristics, and use. Compared with the total investment required over the next fifteen years to meet the goals set by the Paris Agreement, this report estimates that the climate finance gap is USD 2.5 – 4.8 trillion. Phrased another way, bridging this gap would require an additional USD 166 – 322 billion per year based on current investment estimates.

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