The goal to limit global warming to 1.5 C remains achievable. However, exceeding current budgets would have catastrophic outcomes. Preventive measures require significant funding.
Increased financial support, in form of public and private investments, is necessary for climate projects. Current emission rates could lead to a 3 C rise in temperature.
Reducing carbon output through renewable energy adoption is crucial. A systematic switchover to clean energy is required globally.
The 2° Investing Initiative indicates a $1.2 trillion annual global spending gap on climate. The majority of this funding would go towards green energy and infrastructure.
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https://www.dw.com/en/climate-15-c-goal-still-open-but-more-spending-needed/a-66924516
