. . . .Given the scope and scale of the financing (and divestment) required for mitigation and the support for adaptation, current financing gaps suggest transitions are not happening at the pace or scale they need to cope with catastrophic change. CPI find that global climate finance needs will amount to $6300 billion worldwide in 2030 (Buchner et al., 2023) and should have reached about $4200 bn in 2021. Yet in 2021, total climate finance amounted to $850 bn: a significant sum, but nowhere near what is required. This is hugely challenging, yet needs to be set against the costs of inaction. Without such interventions, warming will exceed 3°C, leading to macroeconomic losses of at least 18% of GDP by 2050 and 20% by 2100 (NFGS, 2022). . . .
(https://journals.sagepub.com/doi/pdf/10.1177/10245294251318468; my bold)
Excuse me, but is your point that the $850bn would have been better spent elsewhere?
WHEN COMPLEX IS AS SIMPLE AS IT GETS 
One thought on “Sorry to interrupt, but is your point. . .?”