Climate Finance: from Paris to Marrakech

Autore: Isabella Alloisio

The Paris Agreement recognized the need to mobilize international climate finance by making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development, and asked developed economies to contribute financially to enabling developing countries to comply with their emission reduction targets. Similarly, the scale and ambition of the Agenda 2030 for Sustainable development requires a revitalized Global Partnership to ensure its implementation. The 22nd Conference of the Parties held in Marrakech last November 2016 has built on the positive momentum and the earlier entry into force of the Paris Agreement to bring important advancements on climate finance. Nevertheless, mitigation finance receives still the largest share of global financial flows whereas adaptation financing was not up to the expectations by developing countries.