Reaching the target of mobilising USD 100 billion for climate finance every year from 2020 is key to concluding the new climate agreement in 2015. However in reality, much more is needed to bring the world to a low carbon path. The WEF estimates investment requirements of USD 5.7 trillion per year. A similar and even bigger challenge is currently arising in negotiations for the post-2015 agenda. Ambitious goals in the post-2015 sustainable development framework – addressing the reduction of poverty and inequality in all its forms while tackling the interwoven imperatives of global environmental sustainability – will therefore require accompanying ambition and innovation in development finance.
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