In a new report from the Expert Group on Climate Finance released at COP28, “A climate finance framework: decisive action to deliver on the Paris Agreement”, the authors conclude that the world is “badly off track from the Paris goals.
They claim that the primary reason for this is that “the world is badly off track on the Paris goals, as the first global stocktake shows, the primary reason for which is insufficient investment in key areas, particularly in EMDCs [emerging markets and developing countries].”