Climate Finance

Climate Finance

Climate finance involves the flows of funds by different entities to address climate change mitigation and adaptation through various projects and programs. Climate finance is imperative to addressing climate issues since large-scale investments are required to reduce emissions, especially in sectors that are large-scale emitters of greenhouse gases. Climate finance is also necessary for adaptation, for which major financial aid is required to allow countries to adapt to the effects of climate change. Climate finance has been a vital element of international climate change agreements from the beginning. It is aimed at the transition towards climate-resilience and low-carbon growth and development. The search for new institutional arrangements for climate finance has been an important aspect of the discussion. The outcome is the creation of the Green Climate Fund (GCF), a new organization, which will act as the main channel through which climate finance will be allocated. Finance has a crucial role to play in sustaining developing countries to reduce emissions and adapt and adjust to the effects of climate change. But questions still remain as to how effective multilateral funds have been at reducing emissions and building resilience to climate change? And how can the architecture of climate-finance made more effective?

 

The session is open to contributions on the origins and objectives of climate funds, current climate finance architecture including the various national and international funds and funding, GHG emission accounting tools, multilateral climate finance

  • Objectives of Climate Change Financing
  • Current Architecture
  • GHG emission accounting tools
  • Multilateral Climate Finance
  • Conclusions and Recommendations

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