Aligning development finance with Paris Agreement’s goals helps recipient countries’ modernisation
Germanwatch
Aligning lending standards of development banks with the Paris Agreement’s emissions reduction targets would help achieve a quicker and more sustainable modernisation of the recipient countries’ economies, according to a working paper by NGO Germanwatch. “It is critical that when trying to close the infrastructure investment gap, investments are aligned with the Paris Agreement today to avoid high-carbon lock-in and the risk of stranded assets in future,” the paper says.
Read the working paper in English here.
See the CLEW article German financial sector expects EU standards to boost green finance for more information.
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