UN Climate Change Executive Secretary Simon Stiell emphasized the importance of climate finance in driving climate action and implementation of national climate plans. Progress has been made since the Paris Agreement, but there is still a significant gap in sufficient and reliable climate finance, especially for adaptation efforts in vulnerable countries. Developed countries were urged to double their adaptation finance and triple outflows from UNFCCC climate funds by 2030, highlighting the need for increased public finance, simplified access, and innovative financial mechanisms. Ultimately, the focus is on making climate finance more accessible, predictable, and aligned with national priorities to address the growing climate impacts, driving ambition, implementation, and creating a more prosperous and resilient planet for all.
https://unfccc.int/news/climate-finance-is-the-lifeblood-of-climate-action-simon-stiell-at-cop30