Annex - How big is the New Zero financing gap?

Allen & Overy LLP

Methodology -

For this report we used a definition of climate finance aligned with the United Nations Framework Convention on Climate Change (UNFCCC) Standing Committee on Finance, which states: “Climate finance aims at reducing emissions and enhancing sinks of GHGs and aims at reducing vulnerability of, and maintaining and increasing the resilience of, human and ecological systems to negative climate change impacts.”

Our climate finance mapping exercise is limited to primary capital flows directed toward low-carbon and climate resilient development interventions with direct or indirect GHG mitigation or adaptation benefits. Our taxonomy of climate finance is based on international best practices, including from MDBs, the Climate Bonds Initiative, the UN Intergovernmental Panel on Climate Change (IPCC), and the EU sustainable finance taxonomy.

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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