Progress in making ambitious emission reductions has been slow to-date. Climate finance can play a crucial role in assisting developing countries in making the transition to more environmentally sustainable systems of energy production and use, while also addressing developmental priorities of energy security and energy poverty.
Directing adaptation funding to countries most vulnerable to the impacts of climate change as well as to the most vulnerable people and population groups within recipient countries remains an imperative, with grant financing continuing to play a major role.
Heading into COP 23 in Bonn under a Fiji COP presidency, this Climate Finance Fundamental provides a snapshot of the operationalization and functions of the Fund. While the Fund’s role in a post-2020 climate regime as the major finance channel under the Convention was confirmed, the scale of its resourcing remains to be clarified post-Paris
This note outlines some key principles and actions for making climate-financing instruments more responsive to the needs of men and women as equal participants in decision-making and as beneficiaries of climate actions and supportive of gender equality more broadly.
