Eine neue Zeitrechnung in der Klimafinanzierung

Ryfisch David ()
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Ryfisch David: Germanwatch e.V. Bereich für zukunftsfähige Finanzflüsse Kaiserstraße 201 53113 Bonn Germany

Zeitschrift für Wirtschaftspolitik, 2025, vol. 74, issue 1, 50-62

Abstract: International climate finance is essential to ensure that countries in the Global South can follow 1,5 °C-aligned, climate resilient development pathways. Estimates suggest that this requires trillions of dollars in climate finance annually. The new climate finance goal that Parties agreed to at COP29 in Baku, Azerbaijan does not correspond adequately to these needs. Following the disappointing outcome, 2025 will be critical to close the existing financing gap. Various processes within and outside the UNFCCC offer the opportunity to rapidly increase international climate finance in the coming years. Already initiated as well as potential reform processes of the international financial architecture could generate new and additional billions of dollars annually for climate finance in line with developing countries’ needs. The decisive factor is the political will to act. Yet, arguably, the geopolitical situation is more difficult than ever since Donald Trump started his second presidential term. At the same time, opportunities arise as the US exit offers a geopolitical power vacuum to be filled. It is in Germany’s and the EU’s interest to fill that vacuum by means of climate finance. Culminating at COP30 as an important milestone, 2025 provides an opportunity to change the course of international climate finance.

Date: 2025
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DOI: 10.1515/zfwp-2025-2004

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