What do we mean by Paris alignment of finance flows? Decoding Article 2.1(c) of the Paris Agreement

September 20, 2024

This paper explores the nuances of Article 2.1(c) of the Paris Agreement, which aims to align global finance flows with low greenhouse gas emissions and climate-resilient development. It delves into the different interpretations of Paris alignment of global finance flows and how different stakeholders may contribute to its implementation. To illustrate this, it also provides a bird’s eye-view of the current state of finance flows with respect to climate change. While the precise scope of Article 2.1(c) is still under discussion within the UNFCCC framework, attempts to implement it are underway simultaneously. The implications of this for developing countries warrants further scrutiny. This paper highlights the key themes to watch in this regard.

Contact:

Sehr Raheja
Programme Officer
Climate Change, CSE
sehr.raheja@cseindia.org