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The Geoeconomics of Climate Finance | ORF

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The global climate finance architecture tends to restrain emerging economies from mobilising and accessing global private commercial capital for energy transition. This brief explores the different global financial regulations that influence climate capital flows between countries, and argues that institutions must enhance their role in facilitating the optimal allocation of capital. It evaluates the role of Multilateral Development Banks from a risk management perspective; the International Financial Regulations from a reporting perspective; institutional investors from a return’s perspective; and finally, political consensus from a mobilisation perspective. The brief suggests that global financial regulations and climate policies can be aligned better with the needs and characteristics of emerging economies, to attract capital and resources required for climate mitigation and adaptation. Attribution: Akshay Mathur and Mannat Jaspal, “The Geoeconomics of Climate Finance,” ORF Issue Br

This piece is part of the essay series, Shaping our green future: Pathways and Policies for a Net-Zero Transformation. Introduction The UN Intergovernmental Panel on Climate Change (IPCC) estimates that an annual investment of US $2.4 trillion is needed in the energy sector alone until 2035 to limit temperature rise to below 1.5 °C from pre-industrial levels.<1> Indeed, climate finance takes centre-stage in every world climate meeting under the aegis of the United Nations Framework Convention on Climate Change (UNFCCC). Developed countries committed to channel US $100 billion in climate…

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