International Climate Finance from a Global Perspective
Wien, November 2023 | DOI: https://doi.org/10.60637/2023-wp76
The Paris Agreement reaffirmed the commitment to provide USD 100 billion in international cl ...
moreIssues of development finance play a central role in international development policy. Since the 2002 UN conference "Financing for Development - FfD" in Monterrey, the scope of relevant financing instruments has grown and includes both public financial flows (e.g. public loans and grants) and private financial flows (including foreign direct investment, private grants and remittances).
In addition, the debate surrounding the mobilisation of domestic resources in partner countries, in particular tax revenues, has become increasingly important in recent years. Against the backdrop of international targets (such as the United Nations' 0.7% ODA/GNI target) on the one hand and scarce public resources on the other, the development policy debate on development finance centres on both the quantity and effectiveness of instruments and financial flows.
At the third International Conference on Financing for Development in Addis Ababa in July 2015, the "Addis Ababa Action Agenda" was adopted as a framework for financing the Sustainable Development Goals (SDGs) based on the Monterrey Consensus.
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