Result Based Climate Finance Upsc. Results-based climate finance is surging as an avenue to scale carbon mitigation according to speakers at the Carbon Expo in Cologne Germany. Novel crediting mechanisms can route financial flows towards fiscal reforms for renewable energy incentivize sectoral investments and leverage private capital.
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Four years after world leaders negotiated the Paris Climate Agreement now signed by 195 countries around the world and ratified by 187 national policies and market signals are starting to reflect the urgency both of increasing finance for mitigation of and adaptation to the effects of climate change and of making all financial flows consistent with a pathway toward low-carbon and climate. Public climate finance has increased from 445bn per year in 201516 to an estimated 595bn per year in 201718. Gender-budgeting of climate finance is nonnegotiable.
It has the potential to catalyze domestic carbon pricing and international market solutions. Novel crediting mechanisms can route financial flows towards fiscal reforms for renewable energy incentivize sectoral investments and leverage private capital. Delivering climate finance for low-carbon development may 2017. And Climate finance is part of all decentralized plans made by village panchayats urban local bodies and integrated district planning authorities.
