UNFCCC: Investment and Financial Flows

On November 26, 2008, the UN Framework Convention on Climate Change (UNFCCC) issued a technical report called Investment and financial flows to address climate change: an update. The report updates and replaces the similar report from 2007, investigating and citing scientific findings of other research centers such as the International Energy Agency (IEA).

Among other things, the report states that the costs of efforts to avoid dangerous climate change may be 170 percent higher than 2007 estimates:

"New emissions scenarios and estimates of emission reductions required in 2030, from the International Energy Agency (IEA) and others, are virtually the same as those presented in the 2007 report. However, the estimates of additional investment and financial flows needed are about 170 per cent higher, mainly due to higher projected capital costs, especially in the energy sector." "This increases the scale of the challenge to generate additional investment and financial flows."