# $100 billion in 1000 words

*Published:* 2010-11-24
*Author:* Gernot Wagner

The Copenhagen Accord enshrined $100 billion as the target for north-south climate finance flows by 2020. Earlier this month, the U.N. high-level Advisory Group on climate change Financing (AGF) issued its [final report](http://www.un.org/wcm/content/site/climatechange/pages/financeadvisorygroup/pid/13300) on how to get there.

My colleague [Miriam Chaum](http://www.edf.org/page.cfm?tagID=60449) and I tried to summarize the 80-page report in 1000 words:

![AGF report, middle carbon price scenario ($25/tCO2e in 2020). Ranges are for the middle price scenario and span net and gross flows, where applicable.](https://blogs.edf.org/markets/wp-content/blogs.dir/32/files/2010/11/AGF-report2.png)

[](https://blogs.edf.org/markets/wp-content/blogs.dir/32/files/2010/11/AGF-report2.png)The main message is clear: $100 billion are out there. The big question is whether we can muster the political will to put the right incentives in place and indeed free them.

Some more messages and background in this short, one-page [AGF fact sheet](https://blogs.edf.org/markets/wp-content/blogs.dir/32/files/2010/11/EDF-AGF-Fact-Sheet.pdf) \[PDF\].