Overview

It is important to ensure that the large sums of public and private finance currently channelled into economic stimulus packages are used to put countries on net-zero emission pathways. We must also note the significant divergence between advanced economies, on the one hand, and emerging markets and developing countries, on the other, in terms of impact and capacity to respond. Not all countries have the fiscal space to act on large expansionary policies. Thus, it is important to examine NDC financial landscapes and identify gaps and opportunities to mobilize additional resources. The ongoing process of devising NDC financial strategies can inform decisions regarding how to align public finance management with green recovery and attract private finance, using climate finance management tools and fiscal policies.