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Mobilizing climate finance flows: Nordic approaches and opportunities

If the goal of the Paris climate agreement – to limit the global temperature increase below 2°C – is to be met, all financial flows need to shift dramatically and rapidly from current investment patterns to 2°C compatible pathways.

Aaron Atteridge, Nella Canales / Published on 6 April 2017

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Citation

Halonen, M., J. Illman, M. Klimscheffskij, H. Sjöblom, P. Rinne, F. Röser, M. Kurdziel, N. Höhne, A. Atteridge, N. Canales (2017). Mobilizing climate finance flows: Nordic approaches and opportunities. Nordisk Ministerråd, Copenhagen. https://dx.doi.org/10.6027/TN2017-519

If the goal of the Paris climate agreement – to limit the global temperature increase below 2°C – is to be met, all financial flows need to shift dramatically and rapidly from current investment patterns to 2°C compatible pathways.

This study analyses the roles Nordic actors might play in mobilizing finance flows internationally and outlines a roadmap that can guide joint Nordic action during the next five to ten years. While the roadmap covers components of “climate related ODA” and climate compatible contributions from the private sector, the focus of the roadmap lies on the crucial bridging and dialogue that is required between key actors.

Building on identified Nordic strengths and areas needing accelerated international support, the report concludes with a set of immediate next steps to operationalize the roadmap in 2017-2018.

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SEI authors

Nella Canales
Nella Canales

Research Fellow

SEI Headquarters

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10.6027/TN2017-519 Open access
Topics and subtopics
Climate : Finance
Regions
Nordics