Making the global transition from fossil fuels to clean energy

T

he question of how to finance a global transition from fossil fuels to clean energy is perhaps the most critical and difficult issue in the upcoming United Nations climate negotiations that will take place in Paris, starting in late November. Three contentious issues are on the table.

First, how should developed countries mobilize $100 billion a year by 2020 for mitigating and adapting to the adverse effects of climate change, largely through the Green Climate Fund (GCF) agreed upon during the Cancun round of UN negotiations.

Second, what should be the balance between public and private sector funding in reaching the $100 billion a year goal. Third, to what extent should public funding be based on finance mechanisms versus grants?

Read the EcoWatch story - “How to Finance the Global Transition from Fossil Fuels to RenewableEnergy.”