Pemba, Zambia — Climate finance has never been more urgently needed, with massive investments in climate action required to meet the goals of the Paris Agreement and avoid the devastating effects of a warmer planet.
However, it is an open secret that public financing mechanisms alone are not enough to meet the demand for climate finance, especially for developing countries whose cost to implement their conditional Nationally Determined Contributions (NDCs) and transition to low-carbon economies is pegged at 4.3 trillion dollars.
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