Finance is the cornerstone for implementing climate actions and scaling up ambition and hence it has been at the heart of the UNFCCC process and the Paris Agreement negotiations. The Glasgow outcomes also reiterated the centrality of finance as a catalyst for progress on all aspects of the global climate agenda and many Parties demonstrated the political will to deliver on finance commitments.

The COP27’s Finance Day will address several aspects of the climate finance ecosystem, including but not limited to, innovative and blended finance and financial instruments, tools and policies that has the potential to enhance access, scale up finance and contribute to the transition envisaged and needed, including those related to debt for environment swaps. Finance day will also feature the holding of one or more of the mandated events including the Ministerial finance roundtable.