The Climate Finance Conundrum Anis Chowdhury and Jomo Kwame Sundaram

According to the UN Framework Convention on Climate Change, climate finance refers to local, national, or transnational financing that supports mitigation and adaptation efforts to address climate change (UNFCCC). It might come from governmental, private, or nontraditional funding sources.

While climate financing is essential for mitigation, adaptation, ‘losses and damages’ (L&D), and overall risk management, many poor nations’ climate plans and activities are conditional on receiving the necessary financial support. Unsurprisingly, one of the most divisive issues in climate politics is assisting poorer nations in addressing climate change.

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(This article was originally published in SpringerLink on February 15, 2022)