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Unlocking Climate Finance: Bridging the Trillion-Dollar Gap

Explore how trillions are needed for climate change. Why current investments fall short and what can be done to close the gap.

by Mark Eisenberg
Thu, Sep 19, 2024 2:49pm
in Finance
• 3 mins read
13.9k
Unlocking Climate Finance: Bridging the Trillion-Dollar Gap | FinOracle

Photo: Finoracle.net

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The Urgent Need for Climate Finance

To tackle climate change, it's estimated that $2 to $5 trillion is needed annually. Currently, we've only reached $1 trillion as of 2023, which is just a tiny fraction of what is truly required. This funding is crucial for achieving the net-zero emissions goal by 2050—a target to balance the amount of greenhouse gas emissions produced and the amount removed from the atmosphere.

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