Tipping or Turning Point: Scaling up Climate Finance in the era of COVID-19

Fiona Bayat-Renoux, Heleen de Coninck, Yannick Glemarec, Jean-Charles Hourcade, Kilaparti Ramakrishna, Aromar Revi | 2020


The COVID-19 pandemic has brought the world to a tipping point or a turning point in the fight against climate change. Decisions taken by leaders today to revive economies will either entrench our dependence on fossil fuels or put us on a path to achieve the Paris Agreement and the Sustainable Development Goals (SDGs). For the COVID-19 pandemic  to prove a turning point, climate action and COVID-19 economic stimulus measures must be mutally supportive; and developing countries must be able to access long-term afordable finance to develop and implement green stimulus measures.