The term “climate finance” refers to public and private mechanisms established to help fund countries in their efforts to reduce emissions and adapt to the impacts of climate change. Read on for details of the Green Climate Fund–the current focus of this work–and other finance initiatives.
Parties to the United Nations Framework Convention on Climate Change (UNFCCC) are gathering in Lima, Peru to lay the foundation for the for the global climate deal that will be finalized in Paris next year.
At the UN Framework Convention on Climate Change (UNFCCC) Conference of the Parties in Copenhagen in 2009, developed countries agreed to mobilize from public and private sources a combined $100 billion annually by 2020 to help poor countries reduce emissions and cope with climate change.
The world’s largest oil and gas companies have sky-high budgets, top scientists in their employ, and an incentive to plan for the long term due to their massive investments in permanent infrastructure. They are neither altruistic nor clueless, and they are taking climate change seriously. This includes planning ahead for a future with strong climate policies
Working Group III (WGIII) covers pathways and scenarios for mitigating climate change. This overview pulls out notable findings from the WGIII Summary for Policymakers (SPM).
Working Group II (WGII) covers the impacts and vulnerabilities caused by climate change and discusses pathways for adaptation.