The goals of the Paris Agreement will be missed unless there is a rapid and substantial increase in investment in emerging market and developing countries, leading finance experts have warned.
The report states: “We are far behind on climate action globally, as evident from the first Global Stocktake. This is because the world is not investing sufficiently and too much of the investment is still misdirected. Investment in fossil fuel production and power generation still continues to outstrip what is being invested in renewable power generation.