2023 Lab Impact Report

A new report from the Global Innovation Lab for Climate Finance finds that private investment in climate change initiatives is on the rise as governments step up to the plate, the New York Times reports.

According to the 2023 Impact Report, the Lab, an investor-led, public-private initiative, has raised more than $3.5 billion for climate change initiatives since it was launched in 2013.

The report finds that private investment in climate change initiatives has more than doubled over the past five years, from $1.3 billion in 2013 to $2.8 billion in 2015.

The report states that private investment in climate change initiatives is key to meeting the global climate change goal of keeping the average global temperature from rising 3.6 degrees over pre-industrial levels, at which point scientists say it will be impossible to keep the temperature from rising more than 3.6 degrees.

The report finds that over the next 10 years, private investment in climate change initiatives is expected to more than double from its current level of around $1.5 billion.

The report also states that public finance to climate change initiatives has increased from around $50 billion in 2013 to more than $1 trillion in 2015.

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