This paper maps out the issues related to climate finance under discussion in the various policy fora taking place in 2015, both within and outside the United Nations Framework Convention on Climate Change (UNFCCC).

The paper highlights the complexity of climate finance both politically and technically. It argues that shifting the global economy onto a 2 degrees trajectory will require a massive shift in investment requiring the need to overcome barriers to investment in new infrastructure, new sectors, and new business models will need to be overcome. The authors argue that there is still a crucial role for solidarity and that the challenge for the Paris agreement, and climate finance policy more broadly, is to combine the agendas of transformation and solidarity.

[Adapted from source]