Climate finance has become a progressively indispensable consideration in the fight against climate change. Global agreements on climate mitigation and adaptation have changed over time to focus increasingly on the need for climate finance. Many commentators have considered whether climate agreements have been successful in allocating the necessary finance to mitigation and adaptation efforts. What changes can be made to the language of climate agreements to promote an efficient flow of funding to climate goals? This Note argues that we can use pre-existing legal frameworks to analyze and assess the progression of climate finance over the years. By analyzing the progression of climate finance provisions in global climate agreements based on legal frameworks grounded in principal-agent theories, governance principles, and contract law, this paper will show how adherence to these pre-existing legal frameworks may have enhanced the success (or lack thereof) in global climate finance.
This work is licensed under a Creative Commons Attribution 4.0 International License.
Copyright (c) 2022 Samantha Daisy