Allied for Climate Transformation By 2025 (ACT2025)
COP27: A Call for High-Quality, Scaled-Up Finance
This paper describes the two areas of urgent action that governments much take at COP27 to advance sufficient and adequate financial support to developing countries — in particular, to those most vulnerable to climate impacts. This includes clear finance targets for mitigation, adaptation and loss and damage finance and for developed countries, especially the G7 (which is to provide the bulk of this finance), to reach a total of $600 billion in climate finance from 2020-2025.
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Cover Image by: Dominic Chavez/World Bank