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Climate action is not just about controlling global temperatures.Partnership around the world must be maintained in the global effort to achieve a smooth transition to low carbon and climate-smart development.Climate-smart development also makes good economic and business sense, particularly when it comes to sustainable infrastructure. As multilateral development institutions, we reconfirm our commitment to the Paris climate agreement. Our role is to facilitate the public and private finance that is a vital element of the climate solution. In July, the G-20 Sustainability Action Plan embedded the Paris Agreement in G-20 policies and noted that more effective use of financing from multilateral development institutions is key to innovation and private investment in climate action.This includes aligning price signals, making innovative use of policy and finance instruments and, as applicable, leveraging concessional (below-market-rate) finance to help scale up public and private investment in climate projects.?r ?Strengthen international efforts by working together and with other development finance institutions, to increase transparency and consistency in tracking climate finance tracking and reporting greenhouse-gas emissions;?
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