Principles of international climate finance

This research paper argues that national budgets in developing and emerging economies are insufficient to meet the high-ambition mitigation pathways required by the Paris Agreement, necessitating increased international climate finance based on the principle of common but differentiated responsibilities (CBDR).

• Current Nationally Determined Contributions (NDCs) and pledged actions are insufficient to achieve net zero emissions, and national financial frameworks and public budgets cannot provide the necessary scale of finance for the transition, particularly in developing and emerging economies facing high-debt distress.
• Based on the UNFCCC principle of common but differentiated responsibilities (CBDR), developed countries are responsible for leading global action and providing support to developing countries through finance, policy support, and the transfer of technology and knowledge.
• The paper proposes nine exploratory principles to define the support needed for the Paris Agreement goals and suggests several actions to improve international climate finance, including using bottom-up approaches rooted in national context, increasing finance pledges from developed countries to reflect equity and CBDR, and aligning climate objectives with national priorities to support sustainable development goals.

APA

NewClimate Institute (2023). Principles of international climate finance. http://www.newclimate.org/resources/publications/the-role-of-international-climate-finance-for-bridging-the-low-carbon

Chicago

NewClimate Institute. Principles of international climate finance. 2023. http://www.newclimate.org/resources/publications/the-role-of-international-climate-finance-for-bridging-the-low-carbon.

Wikipedia

{{cite report |author=NewClimate Institute |title=Principles of international climate finance |date=29 June 2023 |url=http://www.newclimate.org/resources/publications/the-role-of-international-climate-finance-for-bridging-the-low-carbon |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{newclimateinstitute2023principles, author = {{NewClimate Institute}}, title = {{Principles of international climate finance}}, institution = {NewClimate Institute}, year = {2023}, month = jun, url = {http://www.newclimate.org/resources/publications/the-role-of-international-climate-finance-for-bridging-the-low-carbon}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }