Chapter 7: National climate funds

Gomez Echeverri, L. (2022). Chapter 7: National climate funds. In: Handbook of International Climate Finance. Eds. Michaelowa, A. & Sacherer, A.-K., pp. 167-186 Northampton, MA: Edward Elgar Publishing. ISBN 978-1-78471-564-9 10.4337/9781784715656.00014.

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Long before the Paris Agreement, several countries had already established national climate funds. Today, national climate finance, although more important than ever, is also more fragmented at a time when integration, coherence, and coordination are essential for tackling the multidimensional impacts of climate change and for driving the transformations required to combat these impacts. This chapter describes the new environment in which climate funds need to operate and thrive, describes their new role, and assesses how they need to evolve to be fit for these new tasks. Some of the elements of this new environment include: the shift of the Paris Agreement to a bottom-up approach with new demands at the national level and the introduction of the Nationally Determined Contributions (NDCs) as a framework of national action; and the recognition that a broader focus than simple mitigation is needed, and that resilience and broader development objectives are equally important.

Item Type: Book Section
Uncontrolled Keywords: National climate funds; Climate finance and systemic transformation; National climate funds and sustainable development; Green banks; Institutional effectiveness of national climate finance; National climate finance fragmentation
Research Programs: Advancing Systems Analysis (ASA)
Depositing User: Michaela Rossini
Date Deposited: 05 Nov 2022 12:07
Last Modified: 05 Nov 2022 12:09

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