Clarifying some of the confusion about climate finance in COP26

BY EUGENIO DÍAZ-BONILLA

Article 2 of the Paris Climate Agreement sets out the principal goals of the pact, including holding the increase in the global average temperature below 2°C above pre-industrial levels and increasing adaptability and resilience. It also establishes the additional purpose of “making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development.” It is not a surprise then that the topic of climate finance featured prominently in the recent debates during COP26 in Glasgow.

Photo credit: Will Crowne/UK Government