The UN climate chief Christiana Figueres has urged global financial institutions to triple their investments in clean energy to reach the US $1 trillion a year mark that would help avert a climate catastrophe.

In an interview with the Guardian, she urged institutions to begin building the foundations of a clean energy economy by scaling up their investments.

Global investment in clean technologies is running at about US $300 billion a year. Yet that is nowhere where it needs to be to address climate change, Figueres said.

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