Annual finance for climate action surpasses USD 1 trillion, but far from levels needed to avoid devastating future losses - CPI

https://www.climatepolicyinitiative.org/press-release/annual-finance-for-climate-action-surpasses-usd-1-trillion-but-far-from-levels-needed-to-avoid-devastating-future-losses/

According to Google:

Annual global climate finance flows reached almost $1.3 trillion in 2021/2022, doubling from 2019/2020 levels. However, this represents only about 1% of global GDP, and experts estimate that much larger investments are needed to avoid the worst impacts of climate change.