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Outlining how adaptation and mitigation should be woven into more inclusive investment planning, the report explains why private investment should be combined with public resources to better tackle the climate and investment shortfall. It shows why a stronger understanding of climate data and risk analysis can help drive transparent and accountable climate responsive investment in order to finance a solid pipeline of resilient infrastructure projects.

The publication provides the following takeaways:

• The climate investment gap is an urgent challenge that requires immediate attention;
• Strong governance within public financial management (PFM) and public investment management (PIM) processes are essential to effectively bridge the climate and infrastructure gap;
• The role of finance ministries is essential in coordination with environmental and other sector agencies as well as local jurisdictions where residents directly feel the impacts of climate change;
• Public resources will not be sufficient to meet the need for resilient infrastructure investment.