A key challenge to achieving global climate change and sustainable development goals is how to bridge gaps between levels of finance required to achieve these goals, and the levels of finance currently invested in climate action and sustainable development. The ‘unlocking’ of private finance to fulfill sustainable development commitments offers significant potential as a prevailing solution.
This policy brief examines the extent to which current investment aligns with the figures regularly purported as required to fulfill global commitments. It shows a disconnect between global ambitions and financial realities, and that mechanisms by which such commitments will be fulfilled will likely require transformations across scales of geographies, policies, and economies. It identifies four key barriers to private investment, presents a financing overview, and provides three recommendations for expediting progress towards financing sustainable development.