Economics & Global Affairs

1 Items

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.