Investing in Clean Air - Making Financing for Clean Air Explicit, Measurable, Innovative, and Additional

Action on clean air will bring benefits to everyone on the planet, and advance other agendas such as climate change, health, and sustainable development. However, the issue is underfunded and not often enough a stated goal of existing finance flows.

This paper summarises the current gaps in finance for clean air and lays out a threepart strategy for increasing both the quality and quantity of investment in clean air in ways that also advance climate, health, and development goals. The strategy seeks to align with and leverage existing and growing pools of climate finance and overseas development assistance.

It is important not to compete with other calls for finance. Because cleaner air is a pathway to achieving climate, health, ecosystem, economic, and other gains, its financing will be an integral part of other sectoral and thematic approaches and financing.

The proposed strategy seeks to:
 

• Make clean air a development finance priority
• Develop metrics for accountability
• Use existing funds for clean air and create new financing facilities