Paying for the Paris Agreement: A Primer on Government Options for Financing Nationally Determined Contributions
Significant shifts in finance must occur if Nationally Determined Contributions (NDCs) are to be implemented. This report reviews how governments can raise new funds and align existing finance with their climate commitments. It provides an overview of the landscape of instruments available to governments as they seek to finance their NDCs — from green bonds to regulatory interventions. It also looks at options for monitoring government success in shifting funds toward their commitments.
Countries need to rapidly scale finance to achieve their national climate commitments and limit global warming to 1.5 C. While existing instruments and policies can help increase both public and private finance for climate action, identifying and leveraging the right tools remains a challenge. This resource hub bridges this gap with information and real-world testimonials on the strategies available to countries to achieve their climate finance goals.