Previewing Climate Finance at COP24: Funds, Rules and Goals

The briefing identifies three central pillars for climate finance negotiations at COP24: the replenishment of dedicated funds, the creation of reporting guidelines for tracking financial flows, and the planning of a new collective quantified goal after 2025. It emphasizes the need for developed countries to scale up support, specifically through the Green Climate Fund, and to improve both ex-post reporting of past flows and ex-ante projections of future funding to build trust with developing nations.

• Developed countries are urged to increase support for dedicated climate funds, specifically through an ambitious replenishment of the Green Climate Fund. Germany has already indicated an intention to contribute €1.5 billion ($1.7 billion), which is double its 2014 commitment.
• Negotiators at COP24 must establish clear implementation guidelines for tracking finance, including ex-post reporting on past flows and ex-ante projections of future funding. There is a specific need to improve the tracking of private finance mobilized by public interventions and to reduce the current two-year reporting lag to the UN.
• While public funding is a primary focus, the document argues that the Global Stocktake must assess progress in making all finance flows consistent with climate goals, as public funding is only one part of the overall financial picture.
• Regarding the $100 billion annual mobilization goal for developing countries, 2018 OECD data shows public climate finance reached $56.7 billion in 2017, while the 2018 Biennial Assessment of Climate Finance reported total provided and mobilized finance exceeded $70 billion in 2016.
• A new collective quantified goal must be set before 2025 with a floor of $100 billion per year. The document suggests a three- to four-year timeframe for finalizing such a goal, based on the timeline used for the Sustainable Development Goals.

APA

World Resources Institute (2018). Previewing Climate Finance at COP24: Funds, Rules and Goals. https://www.wri.org/insights/previewing-climate-finance-cop24-funds-rules-and-goals

Chicago

World Resources Institute. Previewing Climate Finance at COP24: Funds, Rules and Goals. 2018. https://www.wri.org/insights/previewing-climate-finance-cop24-funds-rules-and-goals.

Wikipedia

{{cite report |author=World Resources Institute |title=Previewing Climate Finance at COP24: Funds, Rules and Goals |date=29 November 2018 |url=https://www.wri.org/insights/previewing-climate-finance-cop24-funds-rules-and-goals |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldresourcesinstitute2018previewing, author = {{World Resources Institute}}, title = {{Previewing Climate Finance at COP24: Funds, Rules and Goals}}, institution = {World Resources Institute}, year = {2018}, month = nov, url = {https://www.wri.org/insights/previewing-climate-finance-cop24-funds-rules-and-goals}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }