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Nikita Sud, Professor of the Politics of Development, University of Oxford

The world’s largest climate finance deal was built to flounder: why funding fails to reach the front-line

Adopted in December 2015, the Paris Agreement commits countries to keeping global temperature rise below 2°C above pre-industrial levels.

All 195 signatories set their own plans to meet this shared goal. However, UN climate negotiations acknowledge that wealthy nations bear the greatest responsibility for climate change.

Because of their wealth and historically higher emissions, developed countries made a nonbinding commitment in Paris to raise at least US$100 billion a year by 2025 to help developing nations shift to renewable energy and adapt to climate change.

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