In April 2022, the Intergovernmental Panel on Climate Change (IPCC) released a report on climate change mitigation that calls for immediate and deep carbon emission reductions to limit global warming to around 1.5°C (or 2.7°F). The United Nations Secretary-General António Guterres warned that “we are on the fast track to climate disaster”. Scientists advise that we must leverage all tools in all sectors to halve emissions by 2030.

The report urges financiers to invest in climate solutions that remain underfunded and close the funding gap in developing countries to enhance climate actions and increase resilience.