The UN Framework Convention on Climate Change (UNFCCC) plays a pivotal role in setting rules and norms for global climate action, including on finance. Indeed, one of the overall goals of the Paris Agreement, which was created under the UNFCCC, is to align all financial flows towards low-emission and climate-resilient development.
The Finance Center, in partnership with WRI’s Climate Program, conducts research and engages UNFCCC negotiators to:
- Improve reporting of climate finance provided and received;
- Track progress towards climate finance goals, including mobilizing $100 billion by 2020, and achieving a balance in public funding for adaptation and mitigation;
- Ensure that climate funds are receiving adequate guidance to improve their coordination and effectiveness; and
- Assess progress in aligning all finance flows with the goals of the Paris Agreement.