Blog » Introduction to Results Based Climate Finance (RBCF) - E-Learning (Self-Paced)
The UNFCCC’s twenty-first Conference of Parties (or COP21), held in December 2015, resulted in 186 countries agreeing to address climate change and set the foundation for the necessary transition of global economy towards a low-carbon pathway. As part of the Paris process, more than 180 countries submitted their pledges – the Nationally Determined Contributions, or NDCs – laying out the actions they will take to reduce emissions and increase resilience to climate change impacts. The significant investment needs embedded in the NDCs will have to be mobilized, and quickly and effectively channeled into climate related initiatives. The requirements on financial instruments to support climate action are multiple: Foster crowding in much higher levels of private sector investments and ensure the most effective use of the available public finance resources, in order to significantly upscale overall climate finance flows.