Following a short introduction on the global status of mobilization, this section focuses on the mobilization of private climate finance and the role of Nordic countries therein (see Appendix 5 forterminology on climate finance mobilization). The role of the private sector in reaching these goals is evident. Most of private sector climate finance is being invested in Asia and Europe and for example in 2014, private climate finance rose by USD 50 billion, mostly driven by investments in renewables in China (Buchner et al.