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from Reflection 4: Climate Finance
Published online by Cambridge University Press: 15 June 2021
This chapter reviews the legal debates surrounding climate finance. The UNFCCC and the Paris Agreement both declare that developed states ‘shall’ provide financial support to promote adaptation and mitigation in developing countries, but neither treaty specifies the form, or the amount, of such support. This chapter discusses various views on whether there is a legal obligation resting on certain states, or perhaps on a collective of states, to provide financial support to developing countries—and, if there is, what it might consist in and which legal principle it might be founded on.
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