The financing gap to achieve the SDGs in developing countries is estimated to be USD 2.5–3 trillion per year. On climate finance, UNFCCC’s First Needs Determination Report estimated ~42% NDC-related costed needs in the range of USD 5.8–5.9 trillion by 2030. According to the OECD report, to achieve the USD 100 billion climate finance commitment, USD 89.6 billion was mobilized in 2021. A major portion of the finance allocated toward climate action and sustainable development remains to be mobilized. The need for realizing the SDGs and addressing the triple planetary crisis involves integrating sustainable development and climate change considerations in public and private institutions as well as processes such as investment flows, budgets, and revenue collection.
The umbrella question for this session is: How can finance be better mobilized for climate action and sustainable development?
The duration of the session is 60 minutes. The addresses should be in the form of verbal interventions only. The format of the session does not allow the use of PowerPoint presentations. The chair/moderator must ensure that panellists adhere to their allotted time for which there will be a timer/buzzer.