Finance, Renewable Energy and Social Inclusion Are Key to a Sustainable Future

Of course it was the euphoria of the outcome that made the headlines.  But the Paris agreement also noted some important points of caution.  First that the commitments made in Paris are not enough to achieve the temperature goal, second that early action is imperative and thirdly that the provision of finance, technology and capacity support are essential to enable enhanced pre-2020 action by developing countries.  As early as 2018 countries will meet to take stock of efforts taken to meet the long term goal.

If Paris was all about setting the goal(s) and drawing the boundaries of the pitch, the next conference in Marrakesh will be about defining the rules of the game.  That is critical if the 2018 stock-taking is to provide the confidence to take next and bolder steps towards achieving the long-term goal.  As the Guyanese also say in creole:  clath ah easy fuh dutty but hard fuh wash (having achieved a goal, it is difficult to retain it)!

As an organization dedicated to working with its members to achieve a greener model of growth, the Global Green Growth Institute (GGGI) is now doing everything to help countries understand how international climate finance can be made to work for climate action, remove the barriers that prevent investments in renewables, translate climate ambitions into bankable projects, build national finance institutions to support this and ensure that growth is more socially inclusive.

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