Fairness in Global Climate Change Finance - Climate Finance

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Policy Paper

Fairness in Global Climate Change Finance

By Andrew Pendleton and Simon Retallack

 

It is not well established that action to avoid dangerous climate change must take place according to the principles of 'responsibility and capability', and the UN's Framework Convention on Climate Change (UNFCC) subscribes to this view. Morally and in political terms developed countries ahould lead global mitigation by making significant domestic emissions reductions. But in a world of limited finance, reductions arguably be undertaken wherever they can be made for the lowest cost. ...

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