Making Sense of Article 2.1(C): What Role for Private Finance in Achieving Climate Goals?

Aligning the whole financial system, encompassing public and private financial flows at the domestic and international level, with a “pathway towards low greenhouse gas emissions and climate resilient development,” as stated in Article 2.1(c) of the Paris Agreement, is fundamental to limiting global warming and supporting the development ambitions of developing countries. This report responds to the ongoing dialogue with a particular focus on the role of private finance, proposing recommendations to Parties on the key actions they can take to deliver the ambitions of Article 2.1(c) while upholding commitments on the basis of equity and the principle of common but differentiated responsibilities and respective capabilities in light of different national circumstances (CBDR-RC).