Five Components of a New Financial Agreement under the Convention

The document outlines the need for a new financial agreement under the UNFCCC to overcome technology barriers in developing countries, noting that annual mitigation investments of USD $200 to $210 billion will be required by 2030 to stabilize global GHG emissions.

• Annual investments for climate change mitigation technology deployment are estimated to reach between USD $200 and $210 billion by 2030 to stabilize and reduce global greenhouse gas emissions.
• While the majority of required mitigation investment must come from the private sector, significant additional public funding is also necessary.
• The World Bank's Clean Technology Fund provides incentives for low carbon technologies via public and private investments in national plans, but it only addresses a portion of the technology innovation chain and associated barriers.

APA

World Resources Institute (n.d.). Five Components of a New Financial Agreement under the Convention. https://www.wri.org/research/five-components-new-financial-agreement-under-convention

Chicago

World Resources Institute. Five Components of a New Financial Agreement under the Convention. n.d. https://www.wri.org/research/five-components-new-financial-agreement-under-convention.

Wikipedia

{{cite report |author=World Resources Institute |title=Five Components of a New Financial Agreement under the Convention |url=https://www.wri.org/research/five-components-new-financial-agreement-under-convention |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldresourcesinstitutendfive, author = {{World Resources Institute}}, title = {{Five Components of a New Financial Agreement under the Convention}}, institution = {World Resources Institute}, url = {https://www.wri.org/research/five-components-new-financial-agreement-under-convention}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }