Closing the climate investment gap and promoting a Green Recovery in Latin America and the Caribbean.

Challenges and opportunities for policy makers and development practitioners on how to bridge the climate finance gap

Despite the half-trillion record mark reached by the climate finance flows in the last few years, increasing climate ambition is necessary to meet the global goal of keeping the temperature increase below 2°C or even 1.5°C2. Governments need to send clear policy signals to promote a real decarbonization across the entire economy. Development Finance Institutions and multilateral development banks play a key role when partnering with the private sector, embedding sustainability into their lending activities, and ultimately leveraging more capital.