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A Legal Perspective on Climate Finance Debates: How Constructive Is the Current Norm Ambiguity?

from Reflection 4: Climate Finance

Published online by Cambridge University Press:  15 June 2021

By
Yulia Yamineva
Edited by
Benoit Mayer  and
Alexander Zahar
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 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.

Keywords

Climate financeLawUnited Nations Framework Convention on Climate ChangeParis Agreement article 9Obligation to provide financial assistanceSupport for developing countriesDebating
Type
Chapter
Information
Debating Climate Law , pp. 365 - 378
Publisher: Cambridge University Press
Print publication year: 2021

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