The United Nations Environment Programme's Emissions Gap Report 2023 highlights the urgent need to scale up climate finance, as the world is on track for a 2.9-degree temperature rise. Developing countries are facing a significant shortfall in funding for mitigation and adaptation, emphasizing the necessity for increased investment. Mike Ng, OCBC's group chief sustainability officer, underlines the importance of redefining bankability, stressing that no project is 'unbankable' with proper risk allocation. Green technologies such as green hydrogen face cost challenges, but government policies mandating their use can drive demand and lower costs. Additionally, focusing on scalability and standardization in energy projects can expedite their implementation and foster regional cooperation. By addressing these key areas, stakeholders can unlock climate finance and accelerate the transition towards a low-carbon economy.