Principles for Transformational Climate Finance to Advance Just and Equitable Climate Solutions

There is growing recognition that tackling the climate crisis and related social and environmental challenges will require fundamental changes in human systems. Since 2017, the Transformational Change Learning Partnership (TCLP) has advanced thinking and practice on transformational change in the context of climate change programs and projects. This paper focuses on the role of the climate finance community. Concerted efforts are needed to make climate finance a catalytic force in mobilizing large-scale investment in climate action, while also ending subsidies on fossil fuel use and other destructive activities and realigning global financial flows with a vision for inclusive, equitable, resilient and sustainable development. The document also frames out key pathways for action to advance transformational climate finance, setting the stage for expanded activities by TCLP and other partners.