The 9th annual North American Sustainable Investment Forum held in New York on 24 September 2024, drew over 620 institutional investors and financial companies with assets totaling $3 trillion. The focus of the Forum was on urgent climate action and decarbonization in the financial sector amid regulatory uncertainties and geopolitical tensions, including the upcoming US presidential election. Simon Stiell from UNFCCC stressed the inevitability of decarbonization as a key transformation in the global economy this century, with financial flows for climate action exceeding $1 trillion and significant investments in solar energy expected. However, the current investment trend heavily favors major economies, raising concerns of a two-speed global transition if developing countries do not receive increased funding. To address the financing gap in developing nations, an integrated approach leveraging blended finance is advocated, involving entities like Development Finance Institutions and foundations to attract private capital. The Climate Policy Initiative emphasizes the importance of financial de-risking mechanisms and capacity building to channel investments into sectors like sustainable agriculture and the blue economy. The Inflation Reduction Act (IRA) in the US, a landmark climate law, aims to cut emissions by 40% by 2030 and support disadvantaged communities and clean energy industries. Additionally, initiatives like the bipartisan Infrastructure Bill and the CHIPS and Science Act are boosting climate resilience and semiconductor production. However, challenges persist in funding green hydrogen projects, with risks associated with blue hydrogen production. Overall, the Forum highlights the pressing need for financial institutions to align their strategies with decarbonization goals and mobilize capital globally for a sustainable and resilient future.