The urgent need for climate action is clear. Global average temperatures set a record in 2024, rising to
around 1.6 °C above the preindustrial average. Immediate measures are required to halt the increase of
greenhouse gas emissions and limit global warming. Whilst investments in climate mitigation and adaption
have progressed, they remain insufficient. Current levels of investment will still result in an estimated global
infrastructure investment gap of around USD 2.5-3 trillion annually.
