Macro Trends

Entente Cordiale Returns to Climate Discussions

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  • Last week's climate finance summit in Paris might have been short on binding commitments, but this was never on the cards.

  • What it did deliver was a vital reset in climate atmospherics following acrimonious recent technical talks in Bonn.

  • Key to this spirit of renewed cooperation was an acknowledgement that climate finance for developing countries cannot be tackled in isolation from debt and wider development issues.

Nothing legally binding was agreed at the Jun. 22-23 Summit for a New Global Financing Pact, and perhaps as result the event appeared to go a bit under the radar of the world’s press. This was despite the presence of close to 40 heads of governments and states, top bankers, EU politicians, the UN Secretary-General and the titans of global philanthropy.

Low-Carbon Policy, Policy and Regulation, Macroeconomics , CO2 Emissions, Carbon Prices
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