The Coming Financial Climate

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Harnessing the global financial system to deliver climate security, reduce the risks of high carbon assets, and scale up capital for the low carbon transition is possible, but will only happen with a comprehensive, system-wide approach to financing - including the $37 trillion of energy infrastructure - in the next two decades.

Drawing from an array of policy innovations, some of which are already taking place at the country level, 'The Coming Financial Climate', a new report by the UN Environment Programme (UNEP), identifies measures that can make climate security an integral part of a sustainable financial system. These measures cover risk, capital mobilization, transparency and a shift in the financial culture. Each country will need to decide how these options relate to its financial system and priorities for action.