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Issue Briefs

Issue Briefs of the Harvard Project on Climate Agreements examine international climate change policy architecture and design elements using a rigorous analytical framework. They may synthesize cross-cutting topics from a number of existing Project papers or provide new analysis of key topics, in a form that is easily accessible to policymakers, negotiators, and scholars.

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Climate Finance

Policy Brief - Harvard Project on Climate Agreements, Belfer Center

Climate Finance

    Author:
  • The Harvard Project on International Climate Agreements
| November 2009

The finance of climate mitigation and adaptation in developing countries represents a key challenge in the negotiations on a post-2012 international climate agreement. Finance mechanisms are important because stabilizing the climate will require significant emissions reductions in both the developed and the developing worlds, and therefore large-scale investments in energy infrastructure. The current state of climate finance has been criticized for its insufficient scale, relatively low share of private-sector investment, and insufficient institutional framework. This policy brief presents options for improving and expanding climate finance.