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TIB-TM Integrity Talk on Climate Finance Governance

South Asian countries are amongst the most vulnerable to global climate change, with Bangladesh, the Maldives, Afghanistan, Pakistan, India, Sri Lanka predicted to be the worst affected.1 The Paris Agreement, adopted on 12 December 2015 and entered into force on 4 November 2016, saw 197 governments make commitments to limit the temperature rise and to protect the lives, livelihoods and economies of the people experiencing the effects of climate change.  The Agreement 2 reinforced the need for mobilizing increased finance to implement actions through cooperation, collaboration, participation and an “enhanced transparency framework”. Despite commitments by developed countries long before the Paris Agreement, to provide “new and additional” funds to less-developed and vulnerable countries at a rate of $100 billion a year for adaptation and mitigation of the effects of climate change, the financial flow to date has been far from adequate.
For full Concept Note please Click here.