Let’s hope that we will soon see a substantial increase in the finance flows from rich and high-emitting countries to poorer ones. As these flows increase and as countries develop their national long-term decarbonization strategies, the question becomes of how to make the best use of international funds, national budgets and private sector funding for countries to deliver on climate and development targets. An essential first step is the development of financing strategies for the transition by Finance Ministries: these are critical to ensure that climate investments are unlocked by adequate policies, that enough government spending is safeguarded to support effective climate action and that the macroeconomic implications of the transition are anticipated and managed.
 
Much of the research undertaken at I4CE these past few years contributes to informing the question of how to finance the transition, and of the specific role of public finance. Climate finance landscapes help identify investment needs, while the development of green budgeting methodologies supports the consistency of governments’ budgets with climate targets. We are now completing this toolbox with the launch of a dashboard for Finance Ministers to support the implementation of long-term strategies. This dashboard template was developed in partnership with the 2050 Pathways Platform and contains economic indicators to assess, act on, and monitor the economic implications and opportunities ensuing from long-term strategies.
 
From tomorrow and next week, we will hold a series of side-events at Sharm-el-Sheikh on the topic of how to finance the transition. Please do not hesitate to join these discussions either in person or remotely - these side-events will be broadcasted online – and listen to experts from I4CE, government representatives, Finance Ministers, international organizations and civil society organizations.