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Closing the Investment Gap to Achieve Paris Agreement Goals

Author

Listed:
  • Fatih Yilmaz
  • Fahad A. Alswaina
  • Fateh Belaid
  • Mohamad Hejazi
  • Mari Luomi

    (King Abdullah Petroleum Studies and Research Center)

Abstract

This study aims to assess the alignment of global sustainable financial flows with transition investment priorities. First, we identify investment gaps based on the difference between the required annual investment to meet global net-zero emissions (NZE) targets and current investment flows. Our assessment reveals that nearly all countries must significantly accelerate their efforts, as their current investment levels fall short of what is required. Second, and perhaps more importantly, investment gaps are particularly large for non-Annex I (developing) countries. Financing these large-scale investments continues to be a major global challenge. The size of global environmental, social and governance (ESG) finance remains low. Specifically, despite their large investment gaps, developing countries receive only a minor share of global ESG funds, where access to conventional finance is already limited.

Suggested Citation

  • Fatih Yilmaz & Fahad A. Alswaina & Fateh Belaid & Mohamad Hejazi & Mari Luomi, 2023. "Closing the Investment Gap to Achieve Paris Agreement Goals," Discussion Papers ks--2023-dp19, King Abdullah Petroleum Studies and Research Center.
    • Handle: RePEc:prc:dpaper:ks--2023-dp19
    DOI: 10.30573/KS--2023-DP19
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    Keywords

    Carbon; Carbon capture and storage; Carbon neutrality;
    All these keywords.

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