Sustainable Development Goal 13 on climate action aims to materialize the pledges made by developed countries to mobilize US$100 billion annually by 2020, from all sources to address the needs of developing countries to both adapt to climate change impacts and invest in development pathways that lead to net-zero emissions by 2050. The scientific community is urging to keep global mean temperature increase to 1.5° C.

The UNFCCC secretariat (UN Climate Change) is the United Nations entity tasked with supporting the global response to the threat of climate change.  UNFCCC stands for United Nations Framework Convention on Climate Change. The Convention has near universal membership (197 Parties) and is the parent treaty of the 2015 Paris Agreement.

The case for investing in climate business has never been stronger.

The World Bank Group (WBG) is more committed than ever to helping countries meet the climate challenge. We are actively working with countries to help them deliver on and exceed their Paris ambitions, including through financing, technical assistance, and knowledge sharing.

The IDB Group estimates climate finance in its projects according to the joint MDB approach on climate finance tracking. The methodologies for climate adaptation finance tracking and for climate mitigation finance tracking are publicly available in the Annexes B and C of the Joint Reports on Multilateral Development Banks’ Climate Finance, published annually since 2012.

Details of Green Climate Fund can be seen as follow:

The EBRD addressed energy efficiency and climate change projects including renewable energy and adaptation projects through its SEI from 2006 to 2015. The SEI was launched with the aim of scaling up sustainable energy investments in the Bank’s region, improving the business environment for sustainable investments and removing key barriers to market development.

An applied research center, the Columbia Center on Sustainable Investment (CCSI) is a leading convenor and contributor to high-level global dialogue among scholars, community advocates, practitioners, the business community, and government concerning international investment and sustainable development. We contribute thought leadership and legal tools to influential global policymaking arenas focused on solving complex global challenges. We are regularly asked to present our cutting-edge research and activities in international fora.

This strategy calls for increased support for capacity building of African countries to tackle climate change risks. It also ensures that all investments financed by the Bank are “climate-proof", meaning that they are designed, installed, implemented and managed to reduce to a minimal level the adverse effects of climate change, with the most cost-effective ratio as possible.

These strategies are spelt out in a comprehensive action plan, which includes investments of almost USD 8 billion by 2015.

Vietnam is a useful case study. Three development issues are shaping how Vietnam addresses urban resilience to climate change. First, large-scale migration is increasing the number of urban centers that lack critical infrastructure such as water, sanitation, solid waste, transport, and energy. Second, the effects of climate change on economic growth have introduced new risks in urban infrastructure planning and investment. Third, the shrinking fiscal space and the need for greater infrastructure investment is reinvigorating alternative forms of investment (such as PPPs).