Independent High Level Expert Group (IHLEG) on Climate Finance
The Independent High Level Expert Group (IHLEG) on Climate Finance has been supporting the deliberations on the climate finance agenda under successive COP Presidencies since COP26 in 2021. The group is co-chaired by Amar Bhattacharya, Vera Songwe and Nicholas Stern, and Eléonore Soubeyran serves as the Secretariat. This independent group was tasked to help develop and put forward policy options and recommendations to encourage and enable the public and private investment and finance necessary for delivery of the commitments, ambition, initiatives and targets of the UNFCCC Paris Agreement, reinforced by the Glasgow Climate Pact, the Sharm el-Sheikh agenda, and the COP28 Global Climate Finance Framework.
Reports
Finance for climate action: scaling up investment for climate and development (November 2022)
A climate finance framework: decisive action to deliver on the Paris Agreement – summary (November 2023)
Raising ambition and accelerating delivery of climate finance (November 2024)
The State of Delivery: Post-COP29 progress report of the global climate finance agenda (December 2024)
Statements and media releases:
COP27 report calls for international investments of $1 trillion annually by 2030 in climate action in developing countries (November 2022)
COP28 report warns Paris Agreement goals are at risk without accelerated investment in developing countries (November 2023)
Authors of new climate finance report at COP28 call for countries to commit to substantial rise in investment (December 2023)
Joint statement by Amar Bhattacharya, Vera Songwe and Nicholas Stern, Co-Chairs of the Independent High-Level Expert Group on Climate Finance (November 2024)
Statement in response to COP29 outcome (November 2024)