Financing a better future

Public finance refers to financial support provided by governments and publicly funded international institutions to support activities that seek to mitigate or adapt to the impacts of climate change.

Banks and private investors have a critical role to play in advancing climate action by shifting capital away from fossil fuel industries to the low-carbon economy.

Central banks and financial supervisors are directly affected by environmental degradation, climate change and the policies needed to support a low-carbon transition.

Climate impacts pose major risks to the stability of the global financial system but financial institutions and markets also have a vital role to play in tackling climate change and environmental degradation.