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Financing the answer to climate change: challenging but feasible
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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)