Climate Finance and Transparency in the Paris Agreement

The success of the Paris Agreement depends in large This paper unpacks key current and emerging measure on the legal and operational details of the legal aspects of climate finance and the “enhanced transparency framework” under article transparency framework for financial support in 13, which includes a transparency framework for the Paris Agreement, ahead of the twenty-fourth climate action and [...] Climate Finance and Transparency in the Paris Agreement 3 agreed to adopt in order to reinforce the particular convention.14 While the mitigation obligations legal obligation or political commitment.11 for developed countries under the UNFCCC were broad in nature,15 the Kyoto Protocol included The legal nature, the level of precision, the specific quantified binding emissions reduction individual [...] The obligation of article 4.3 is a collective one, for When it comes to the provision on climate developed countries listed in Annex II as a group.20 finance, the Paris Agreement maintained the legal The collective nature of the financial obligation dichotomy between commitments by developed under the convention differs from the individual country parties and by developing country nature of the mi [...] The Paris Decision extends the US$100 billion commitment to 2025 and establishes a process Article 13 of the Paris Agreement establishes a single for the COP serving as the meeting of parties to “enhanced transparency framework for action and the Paris Agreement to agree on a new collective support” to “build mutual trust and confidence goal after 2025.38 The decision does not mention and to promo [...] The MPGs should The purpose of the framework for transparency of be designed in a way to encourage developing support is explicitly “to provide clarity on support countries to provide information on finance provided and received by relevant individual Parties needed, received and used, in order to build in the context of climate change actions, and, to trust and to provide clarity on the full exte