The United Nations Framework Convention on Climate Change (UNFCCC) defines 'climate finance' to include local, national or transnational financing for purposes of addressing the impacts of climate change and supporting climate-smart development. These funds may be drawn from the public sector, private sector or hybrids between the two.

This Issue Brief gives an assessment of the gaps and shortages in climate financing flows, available monies in the global system and suggestions to mobilise resources towards mitigation and adaptation needs of developing countries.

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