Policy paper: Assessment of the report "A climate finance framework: decisive action to deliver on the Paris Agreement

The report "A climate finance framework: decisive action to deliver on the Paris Agreement" (also known as the Stern-Songwe report) aims to develop policy recommendations to achieve the goals of the Paris Agreement.

The report contains important observations about the challenges in climate finance, such as the fact that it is more difficult to secure climate finance for the poorest countries, that the gap between existing financing for climate adaptation and the need for it is growing, and that we are still lagging behind when it comes to raising funds for loss and damage (including the new fund).

However, the report also presents several solutions that are partly at odds with other empirical evidence in the field and do not align with a principle of climate justice. Therefore, this paper focuses on the solutions outlined in the Stern-Songwe report and offers alternative and more just paths to climate finance.