Climate Finance after the Paris Agreement. New directions or more of the same?

Paula Castro/Carola Betzold

May 2016; 4 pages

Global Governance Spotlight 3|2016 (pdf)

In December 2015, a new climate agreement was delivered in Paris. In substantial terms, it managed to break the over 20-year old strict separation of the world into developed (“Annex I”) and developing (“non-Annex I”) countries in terms of their mitigation commitments, and marked a paradigm change from the Kyoto-Protocol-style top-down mandatory absolute emission reduction targets to a more bottom-up system of voluntary pledges of diverse types. Climate finance has remained a crucial component of the agreement.

In the Global Governance Spotlight 3|2016, Dr Paula Castro and Dr Carola Betzold discuss where the Paris Summit has moved forward regarding climate finance – if it did move forward at all. They focus on three central issues: the overall volume of climate finance, its sources and its distribution. Further, they give recommendations how to make climate finance commitments credible.

Particularly after the contentious NATO-led intervention in Libya in 2011, established and emerging powers are pit against each other in the debate regarding intervention for the protection of individuals’ human rights. While established powers prioritize intervention and see military force as a useful tool, emerging and postcolonial states see non-intervention as a crucial guarantee of their autonomy, and favour non-military means of assistance. In the current Global Governance Spotlight Prof Dr Kai Michael Kenkel argues why the support of both, states from the Global North and South, is necessary to re-establish the legitimacy and effectiveness of the “responsibility to protect” (R2P) and gives recommendations how the debate might be invigorated.

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