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 .
See the 淨 article German financial sector expects EU standards to boost green finance for more information.
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