On November 4 2016, the Paris Agreement entered into force. To date, 190 countries have submitted 164 nationally determined contributions (NDCs) outlining their own goals and methods to reduce emissions in common effort to limit global temperature increases this century.
The global climate finance landscape has changed significantly since the establishment of the Climate Investment Funds (CIF) in 2008. New institutions have come to the fore, countries’ economic circumstances and investment needs have evolved, and climate-related risks have become clearer.
As 2015 draws to a close, there is a strong hope that the Paris Climate Summit could represent a turning point in the global fight against climate change.
