OECD/IEA Climate Change Expert Group Papers

ISSN: 
2227-779X (online)
http://dx.doi.org/10.1787/2227779X
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This series is designed to make available to a wider readership selected papers on climate change issues that have been prepared for the OECD/IEA Climate Change Expert Group (CCXG). The CCXG (formerly called the Annex I Expert Group) is a group of government delegates from OECD and other industrialised countries. The aim of the group is to promote dialogue and enhance understanding on technical issues in the international climate change negotiations. CCXG papers are developed in consultation with experts from a wide range of developed and developing countries, including those participating in CCXG Global Forums.

The full papers are generally available only in English.

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The Role of the 2015 Agreement in Mobilising Climate Finance You or your institution have access to this content

English
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Author(s):
Takayoshi Kato1, Jane Ellis1, Christa Clapp1
Author Affiliations
  • 1: OECD, France

01 Nov 2014
Bibliographic information
No:
2014/07
Pages:
52
http://dx.doi.org/10.1787/5js03h9ztlbr-en

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Shifting public and private investment from “brown” to “green” is an essential part of climate change. The post-2020 climate agreement to be agreed at COP 21 in December 2015 has the potential to play a significant role in signalling the importance of such a shift. This paper explores how the 2015 agreement could spur further mobilisation of climate finance by examining the current state of play regarding existing financing environments and mechanisms. These include examining the existing international institutional arrangements under the UNFCCC to see how balanced financing, co-ordination, streamlining and complementarity between institutions could be achieved. The paper also highlights the key role that in-country enabling environments can play in further mobilising public and private climate finance, and discusses how the 2015 agreement could enhance both “pull” and “push” factors for mobilisation. In addition, the paper also discusses how the agreement could facilitate the broad use of a spectrum of financial instruments and the further development of an enhanced system for measurement, reporting and verification of climate finance.
Keywords:
mobilisation, climate change, 2015 agreement, UNFCCC, climate finance
JEL Classification:
  • F53: International Economics / International Relations, National Security, and International Political Economy / International Agreements and Observance ; International Organizations
  • O44: Economic Development, Innovation, Technological Change, and Growth / Economic Growth and Aggregate Productivity / Environment and Growth
  • Q54: Agricultural and Natural Resource Economics ; Environmental and Ecological Economics / Environmental Economics / Climate ; Natural Disasters and Their Management ; Global Warming
  • Q56: Agricultural and Natural Resource Economics ; Environmental and Ecological Economics / Environmental Economics / Environment and Development ; Environment and Trade ; Sustainability ; Environmental Accounts and Accounting ; Environmental Equity ; Population Growth
  • Q58: Agricultural and Natural Resource Economics ; Environmental and Ecological Economics / Environmental Economics / Government Policy
 
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