The role of the 2015 agreement in mobilising climate finance
This paper explores the possible role of the 2015 agreement in promoting further mobilisation of climate finance for developing countries in the post-2020 period. Any finance related provisions in the new agreement therefore need to facilitate such a mobilisation, and also need to be dynamic enough to reflect the evolving circumstances of countries and learning from experiences in mobilising and scaling up climate finance. This paper explores how the new agreement could spur further mobilisation of climate finance by examining the current state of play regarding existing financing environments and mechanisms. These include: the existing international institutional arrangements, in-country enabling environments, financial instruments and tools, and transparency in climate finance tracking and an enhanced MRV system of finance.