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This book builds on a decade-long experience with mechanisms provided by the Kyoto Protocol and the UN Framework Convention on Climate Change. It discusses the challenges of climate finance in the context of the post-Copenhagen negotiations and provides a long-term outlook of how climate finance in developing countries could develop. Written by climate finance experts from academia, carbon finance businesses and international organisations, the book provides background, firsthand insights, case studies and analysis into the complex subject area of climate finance.
Since 2010, a significant quantity of international climate change finance has begun to reach developing countries. However, the transfer of finance under the international climate change regime – the legal and ethical obligations that underpin it, the constraints on its use, its intended outcomes, and its successes, failures, and future potential – constitutes a poorly understood topic. Climate Change Finance and International Law fills this gap in the legal scholarship. The book analyses the legal obligations of developed countries to financially support qualifying developing countries to pursue globally significant mitigation and adaptation outcomes, as well as the obligations of the latter under the international regime of financial support. Through case studies of climate finance mechanisms and a multitude of other sources, this book delivers a rich legal and empirical understanding of the implementation of states’ climate finance obligations to date. The book will be of interest to scholars and students of international law and policy, international relations, and the maturing field of climate change law.
Since 2010, a significant quantity of international climate change finance has begun to reach developing countries. However, the transfer of finance under the international climate change regime – the legal and ethical obligations that underpin it, the constraints on its use, its intended outcomes, and its successes, failures, and future potential – constitutes a poorly understood topic. Climate Change Finance and International Law fills this gap in the legal scholarship. The book analyses the legal obligations of developed countries to financially support qualifying developing countries to pursue globally significant mitigation and adaptation outcomes, as well as the obligations of the latter under the international regime of financial support. Through case studies of climate finance mechanisms and a multitude of other sources, this book delivers a rich legal and empirical understanding of the implementation of states’ climate finance obligations to date. The book will be of interest to scholars and students of international law and policy, international relations, and the maturing field of climate change law.
How is the struggle against climate change financed? Climate Finance: Theory and Practice gives an overview of the key debates that have emerged in the field of climate finance, including those concerned with efficiency, equity, justice, and contribution to the public good between developed and developing countries. With the collaboration of internationally renowned experts in the field of climate finance, the authors of this book highlight the importance of climate finance, showing the theoretical aspects that influence it, and some practices that are currently being implemented or have been proposed to finance mitigation and adaptation policies in the developed and developing world.
Singapore had, by the 1980s, emerged as one of the world's great oil refining and trading centres, with the "e;East of Suez"e; region within its sphere of influence. The city-state's policy-making went against the grain in much of its practice of economic development. It ensured that energy products were bought and sold in the domestic market at essentially global prices, in contrast to the common practice in developing countries of subsidizing energy fuels for social equity. Without a drop of oil of its own, Singapore also managed to attract large foreign investments in the capital-intensive oil refining and petrochemical manufacturing sectors in an export-oriented strategy. This was at a time when governments of most newly independent countries were busy trying to promote heavy industry by protectionist trade policies and import-substituting industrialization. The purpose of this book is two-fold. It is intended to introduce a host of energy-related discussions relevant to a wider group of readers who do not "e;do energy"e; for a living, yet are keenly interested in understanding the many complexities of modern industrial societies which need to balance economic, environmental, and security priorities of ordinary citizens. It is also meant to serve as an introductory assessment of key energy-related issues, with a particular relevance for small advanced countries such as Singapore.
This plan sets out the Government's belief that the low carbon transformation can be a major driver of economic growth and job creation - in the UK, in Europe and globally. In it the UK Government makes clear that: it wants to build on the strengths of the Kyoto Protocol, and is open to extending that agreement as a way of getting the legal deal needed; it is in favour of strengthening the UN decision making process that was so frustrating at Copenhagen; it is pushing for the EU to increase its plans to cut emissions in line with comparable moves elsewhere, supporting the European Commission's work to identify the practical steps that would be required to implement a 30 per cent reduction target. The Action Plan builds on the Copenhagen Accord, in which countries have put forward actions that, if delivered in full, would see global emissions peak before 2020.
At the UN Climate Negotiations in Copenhagen, 117 heads of state concluded that low-carbon development is necessary in order to combat climate change. However, they also understood that transition to a low-carbon economy requires the implementation of a portfolio of policies and programs - a challenging endeavour for any nation. This book addresses the need for information about factors impacting climate policy implementation, using as a case study one effort that is at the heart of attempts to create a low-carbon future: the European Emission Trading Scheme. It explores problems surrounding the implementation of the ETS, including the role of vested interests, the impact of design details and opportunities to attract long-term investments. It also shows how international climate cooperation can be designed to support the domestic implementation of low-carbon policies. This timely analysis of carbon pricing contains important lessons for all those concerned with the development of post-Copenhagen climate policy.