The financing needs for an effective fight against climate change amount to trillions of euros. Sourcing the required funding has become one of the most important aspects of overall efforts to implement the Paris Agreement adopted at the Conference of the Parties of the United Nations Framework Convention on Climate Change (COP21). In order to face this challenge, it is essential to align both public and private funding.
The Luxembourg Climate Finance Strategy is aiming at a double objective:
- to make a meaningful contribution to the international fight against climate change;
- to establish Luxembourg as an international center for climate finance.
In pursuit of this double objective :
- Luxembourg contributes generously from the public side to international climate finance;
- Luxembourg is leveraging private sector investment for international climate finance.