We are witnessing another record-breaking year. A year of hurricanes, floods, droughts and landslides that are destroying lives and property around the world. Prolonged drought and high temperatures have led to food crises, conflict and migration. The ten largest climate disasters in 2024 cost more than $200 billion, becoming the new norm.

These disasters have affected many countries and communities, but some have been significantly more severe, particularly the V20 – a group of 70 countries highly vulnerable to the climate crisis, with minimal responsibility for its emergence and major obstacles to raising financial resources to increase physical and economic resilience to instability.

Estimates show that the V20 countries need to raise $490 billion annually to address climate change by 2030. However, these countries face challenges in raising the necessary investments due to rising disaster recovery costs, limited fiscal capacity, and problems with access to capital and climate finance. At least a quarter of the V20 countries are currently at risk of debt distress.

In the context of short policy cycles, prioritizing actions is key. This report therefore highlights ten “super strategies” within the global financial system that could generate up to $210 billion per year in climate finance for the V20 and prevent up to $100 billion in economic losses. These strategies not only mobilize resources, but also create a sustainable cycle to strengthen development over the next five years, generating systemic multiplier effects that amplify their collective impact, addressing both immediate and long-term financing needs in four key areas. Spring