Addressing the challenge of climate change requires global coordination amongst nation-states and capital markets. Successfully meeting the challenge necessitates both public and private sector investment at a scale yet to be achieved. Nationally Determined Contributions (NDCs) remain a promising approach to affecting a just energy transition if countries can strengthen their commitments and access the capital and technical expertise needed to implement ambitious targets. With 2023 as the first global stocktake of the progress made in meeting the goals of the Paris Agreement, this session will highlight successful case studies and consider additional actions that can be taken to mobilize investment for resilience and mitigation.  

What more can be done to ensure NDCs are achieved? Are existing financing options sufficient? Is the international financial system fit for this purpose, or are reforms needed to incentivize investments that create future funding for climate action?