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1 results

  • 10 - The G20 and Climate Finance

  • from Part IV - Climate Finance
  • Jakob Skovgaard, Lunds Universitet, Sweden
  • Book:
    The Economisation of Climate Change
    Published online:
    11 March 2021
    Print publication:
    25 March 2021, pp 161-176
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  • Summary

    The G20 has addressed climate finance from the attempt to reach an agreement in 2009 to the more technical working groups that have addressed climate change from an economic perspective. This perspective entails stressing cost effectiveness, the economic consequences of climate change and addressing climate change with economic instruments. Its consequences were most pronounced on the international level and particularly the UNFCCC and the industrialised countries’ commitment to mobilise 100 billion dollars in climate finance, as well as on institutions tasked with providing analysis to the G20 the World Bank, the OECD, the IMF. The consequences on the domestic level are less discernible. The G20 output on climate finance has been shaped by entrepreneurship from Presidencies, membership circles, interaction with the UNFCCC.