Climate Finance and Developing Countries: The Need for Regime Development
By Henrik Selin
(November 2016)
The working paper by Henrik Selin analyzes the global climate finance regime set up to support mitigation and adaptation measures in developing projects with the goal of developed countries jointly mobilizing at least USD 100 billion a year from public and private sources by 2020. To institutionally strengthen this important regime, the paper proposes that the parties to the Paris Agreement in collaboration with other actors take three sets of steps: i) promote greater system-wide coherence and cooperation among actors and funding sources to ensure that all parts of the climate finance regime work together as efficiently as possible; ii) establish a central and independent clearinghouse that is tasked to collect finance and project data into a single database that is open to all; and iii) develop more shared climate finance definitions and standards among all regime participants.