Competition for climate finance is getting tougher


While UN Member States during the COP22 in Marrakech (Morocco) are trying to clarify their intentions concerning the GHG reductions, representatives form the financial world are going to create different centers of climate finance.

It seems that environmental organizations should act more actively to combat climate change. However, taking into account costs of the GHG reduction measures and actions aimed at limiting the global warming within 2 degrees Celsius, we should accumulate more then 100 trillion USD by 2030. In other words, every year we have to accumulate about 8 trillion USD using the fiscal and market financial instruments.

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