Funding a transformation: Climate finance and the shift to a low carbon global economy
Central to any progress toward a low-carbon economy is a mechanism or framework for funding this transition. During the Seventeenth Conference of Parties (COP17) of the United Nations Framework Convention on Climate Change (UNFCCC) in Durban, South Africa, gaining clarity and building structures around climate finance will be crucial. Climate finance refers to funding for policies, programs and projects that catalyse low-carbon and climate resilient development. While the carbon market is expected to play a crucial role, climate finance is a much broader concept that will involve additional parties, sources, and instruments to catalyse the momentous shift to a more sustainable society.
Read Funding a transformation: Climate finance and the shift to a low-carbon global economy, to understand the recent history of climate finance and where it is headed.