If the Agreement’s goal - limit the global temperature increase below 2°C - is to be met, all financial flows need to shift dramatically and rapidly from current investment patterns to 2°C compatible pathways. This study analyses the roles Nordic actors might play in mobilizing finance flows internationally and outlines a roadmap that can guide joint Nordic action during the next five to ten years. While the roadmap covers components of “climate-related ODA” and climate compatible contributions from the private sector, the focus of the roadmap lies on the crucial bridging and dialogue that is required between key actors. Building on identified Nordic strengths and areas needing accelerated international support, the report concludes with a set of immediate next steps to operationalize the roadmap in 2017-2018.
Moving towards a ‘Circular Economy’ is an action that many world business leaders, policy makers, academics and NGOs argue is necessary in order to help solve global environmental and economic challenges.
This technical analysis for the Nordic Green to Scale report was commissioned to CICERO (Center for International Climate and Environmental Research – Oslo), which is Norway’s foremost institute for interdisciplinary climate research.