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Part II Analysis of the Provisions of the Agreement, 14 Climate Finance (Article 9)

Jorge Gastelumendi, Inka Gnittke

From: The Paris Agreement on Climate Change: Analysis and Commentary

Edited By: Daniel Klein, María Pía Carazo, Meinhard Doelle, Jane Bulmer, Andrew Higham

From: Oxford Public International Law (http://opil.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 29 January 2023

Climate change — Treaties, amendments and modification — Treaties, application — Treaties, interpretation

This chapter focuses on climate finance via Article 9 of the Paris Agreement. Climate finance is a central piece of the international climate change architecture and was determinant in reaching a global agreement on climate change in Paris. The Paris Agreement introduces a broader understanding of climate finance, which historically had been limited to public financial flows from developed to developing country Parties. Article 9 is in line with Article 2.1(c) that sets ‘making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development’ as the third objective of the Agreement. It is a result of the recognition of the economic and financial reality that in order to overcome the challenges posed by climate change, every single kind of available financial flows is needed.

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