Co-publication with The Economist’s Society (University College of London)
The concept of « climate finance » covers all financial flows aimed at developing activities intended to reduce carbon emissions and to bring about adaptations made necessary by real or expected climate change (hereafter mitigation and adaptation). Climate finance is crucial to the transition of our economies, and it has become a major issue of the United Nations Framework Convention on Climate Change (UNFCCC) negotiations. The financial issue came to the fore during the 2009 Copenhagen conference, when developed countries committed to jointly mobilise USD 100 billion per year by 2020 of climate finance for the benefit of developing countries.
