Financing the answer to climate change: challenging but feasible
In
An agreement on climate finance is crucial to ensure an equitable approach between developed and developing countries in the fight against climate change. This report addresses the following question: How is it possible to secure a framework for mobilising, administrating and delivering financing on the necessary scale? Without a credible framework, the risk remains that developing countries’ actions to tackle climate change will be insufficient, inefficient, inadequate and delayed. The global costs would thereby increase and the path towards a low-carbon future would be jeopardized.
(Photo credit: © Center For International Forestry Research/Tim Cronin)