Time to dismantle legal barriers to climate finance in Asia-Pacific

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Devdiscourse 12th April 2018

The urgency of legal modernization to support the low-carbon transition is greatest in Asia and the Pacific. 

Most developing countries that signed the 2015 Paris Agreement on climate change have indicated in their Nationally Determined Contributions (NDCs) that their commitments are conditional on receiving international financial support.

The critical question is, how “ready” are the legal frameworks in developing countries to handle the influx of international climate finance?

The urgency of legal modernization to support the low-carbon transition is greatest in Asia and the Pacific, where climate change can affect virtually every aspect of people’s lives. Solutions for legal modernization to improve access to climate finance depend on the unique country context and need to be tailored to each country.

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