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COVID-19 economic decisions will determine climate future: fossil fuels or green recovery?

Tipping or turning point: Scaling up climate finance in the ear of COVID-19
Fiona Bayat-Renoux, Heleen de Coninck, Yannick Glemarec, J-C Hourcade, Kartik Ramakrishna, Aromar Revi

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The Covid-19 pandemic is a critical moment for deciding whether to continue relying on fossil fuels or shift towards meeting climate goals. To achieve this shift, leaders must ensure that economic recovery plans support both climate action and Covid-19 response. Developing countries need access to affordable finance for green recovery measures. This paper outlines the risks climate change poses to the financial system and the opportunities for investing in low emission infrastructure in developing nations. It also discusses the impact of Covid-19 on finance access for climate-friendly projects and suggests ways to increase climate finance for developing countries in the Covid-19 era.