The idea that philanthropy, that any single individual, has enough money to affect something at a global scale is a very new phenomenon. [Most billionaires have] accumulated their wealth because the world economy is now globalized, but to sustain a globalized world economy we need to have more inclusive growth.
Altogether, emerging markets and developing countries other than China will need to invest around an additional $0.8tn per year by 2025 and close to $2tn per year by 2030
To date there has been very little impact measurement [of the $100 billion climate finance pledge]. It is a very important issue. People look at impact in terms of the composition of finance, things that relate to the financing side. But in terms of real impact of climate finance, and efficacy across different donors, there has been no development impact or climate impact study done to date.