Climate-resilient infrastructure, and particularly its financing, is fundamental to tackle climate change. In this regard, the UfM Secretariat has commissioned the first regional study on climate finance to provide a clear overview of the funding flows for climate action initiatives in the region. The study has been funded by the European Commission and was presented at the COP23, in Bonn, with the following main conclusions:
The UfM Secretariat will launch a second phase of the study in 2018 to identify gaps related to the global financing target and seek solutions to optimise the use of financial instruments.