Climate finance is necessary for mitigation and adaptation in tackling climate change.
There is a need to consider how emissions can be reduced and how there can be
adaptations to the consequences of climate change. Both are capital intensive.
At COP 21 (Paris 2015), the central decision was to keep the global rise in temperature
in check by adopting the 1.5̊°C threshold. It was also clear that such an important
ambition would only materialise if practical measures were put in place.