More than 500 companies representing $10 trillion have committed to adopting science-based emissions-reduction targets. These actions aren't just good for the climate – research shows they can be good for bottom lines.
When the Green Climate Fund received its first round of funding, contributions were more or less arbitrary. This time around, countries have an opportunity to root their contributions in objective measures of capacity, responsibility and ambition.
Governments are beginning to take up the call for a "just transition" to a clean energy economy, with advancements seen in Canada, Spain, Germany, Costa Rica and more. One way they can do so: Integrate the "just transition" into their long-term strategies for climate action.
World's largest climate fund is nearing the end of its first round of funding. As examples from Mongolia, India and Morocco show, the Green Climate Fund can be a game-changer for getting low-carbon projects off the ground in developing nations.