Extreme weather and oil and gas subsidies are costing taxpayers billions of dollars a year, money that could be spent to save human lives, protect property and infrastructure, and fund greenhouse gas mitigation projects. Re-calibrating climate finance is essential if we’re to scale up truly catalytic capital deployment in the next decade. We wouldn’t be starting from scratch. New investment priorities focused on net zero, nature, and national debt offer opportunities for focused action in the Global North. Rising demands in the Global South for regional strategies and support for de-risking the project pipeline will succeed if the climate finance community can re-tool institutional mechanisms from the bottom up. This private session will examine the state of current churn on climate finance and review a new Milken Institute strategy document for effective action from 2025-2035.