Climate Change Data

United Nations, Inter-agency Task Force on Financing for Development

Climate Impact & Sustainability Data (2024)

Reporting Period: 2024

Environmental Metrics

ESG Focus Areas

  • Sustainable Development Goals (SDGs)
  • Climate Change
  • Poverty Reduction
  • Gender Equality
  • Debt Sustainability
  • International Financial Architecture

Environmental Achievements

  • Increased investment in renewable energy, though insufficient to meet Paris goals.
  • Agreement on a statistical definition of illicit financial flows (IFFs) related to criminal activities.

Social Achievements

  • Significant progress in financial inclusion, with hundreds of millions gaining access to financial services.
  • Increased attention to gender-responsive budgeting (GRB), though implementation lags.
  • Progress on delivering the human right to social security, but large gaps remain.

Climate Goals & Targets

Environmental Challenges

  • Large and growing SDG financing gaps (trillions of dollars annually).
  • Tight financing conditions and high debt levels in many developing countries.
  • Rising systemic risks, including climate change and disasters.
  • Inequalities between and within countries.
  • Geopolitical tensions and fragmentation of the global economy.
  • Misalignment of public and private investments with SDGs.
  • Inadequate access to long-term financing, especially in developing countries.
  • Greenwashing and lack of standardization in sustainable finance.
  • Slow progress on phasing out harmful fossil fuel subsidies.
Mitigation Strategies
  • Proposals for reforms to the international financial architecture.
  • Increased ODA for domestic revenue mobilization, though insufficient.
  • Efforts to align public expenditure with SDGs.
  • Growing interest in sustainable finance, but scale and impact remain limited.
  • Efforts to strengthen international tax cooperation and combat illicit financial flows.
  • Initiatives to improve data quality and transparency in sustainable finance.
  • Calls for reforms to multilateral development banks (MDBs).

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Disasters
Transition Risks
  • High cost of capital for renewable energy projects
Opportunities
  • Investment in renewable energy

Reporting Standards

Frameworks Used: SDGs, Addis Ababa Action Agenda, Paris Agreement

UN Sustainable Development Goals

  • All SDGs

The report focuses on financing for all SDGs.