The Paris Agreement and Implications for Climate Finance
Moon, Jin-Young | February 2016
Abstract
The Paris Agreement was adopted on December 12, 2015 after two weeks of negotiations at the 21st Conference of the Parties (COP21) of the United Nations Framework Convention on Climate Change (UNFCCC). The new climate agreement is considered a historic outcome replacing the Kyoto Protocol, leading all Parties in the UNFCCC to reduce greenhouse gas emissions based on their intended nationally determined contributions (INDCs).
Climate finance is a major means of implementing the agreement to support developing countries with respect to both mitigation and adaptation. In addition, scaling up climate finance plays a key part in enhancing capacity building and technology development and transfer in developing country Parties. It was not surprising to see negotiations on the agenda of climate finance continue on until just before the closing of the COP21 in Paris, France.
Citation
Moon, Jin-Young. 2016. The Paris Agreement and Implications for Climate Finance. © Korea Institute for International Economic Policy. http://hdl.handle.net/11540/10536.Keywords
Climate
Climate change
Climate impacts assessment
Global climate change
Asian Development Bank
Development
Regional Economic Integration
Financial Sector Policies
Financial Risk Management
Bond Financing
Climatic change
Climatic influence
Climatology
Investment bank
Investment policy
Capital Market
Regional Plans
Regional Development Bank
Development finance
Municipal Bonds
Local Government
Local Taxes
International Monetary Relations
International Financial Market
International Banking
Central Banks
Business Financing
Capital Resources
Budgetary Policy
Capital Needs
Corporate Divestiture
Capital Instruments
Pension Funds
Insurance Companies
Banks
Portfolio Management
Fiscal Administration
Economics of Education
Development Banks
Insurers
Insurance stocks
Insurance holding companies
Insurance carriers
Insurance agencies
Business subsidies
Investment companies
Foreign investment
Equity Finance
International banks and banking
Stock exchanges
Grants
Loans
Communication in rural development
Communication in community development
City planning
Urban climatology
Bank investment
Capital investment
Investment banking
Venture capital
Local government bonds
Bonds
Catastrophe bonds
Bond funds
Bond market
Multilateral development banks
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