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Reflection 4: Climate Finance

Published online by Cambridge University Press:  15 June 2021

Benoit Mayer
Affiliation:
The Chinese University of Hong Kong
Alexander Zahar
Affiliation:
Southwest University of Political Science and Law
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Summary

This chapter outlines the most debatable points regarding the legal foundations of climate finance, focusing primarily on the provisions of the UNFCCC and Paris Agreement as well as associated instruments. The legally relevant debates about climate finance come down to the question of whether there is an obligation for developed countries to provide climate finance to developing countries, and, if so, what it consists in. In this respect, the chapter – after outlining the main legal provisions – discusses debates about the following points: The chapter also proposes possible future directions for legal reflection. Owing to this volume’s focus, the chapter does not cover all provisions related to climate finance but only the aspects that are legally controversial.

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Debating Climate Law , pp. 365 - 378
Publisher: Cambridge University Press
Print publication year: 2021

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