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Laws 2015, 4(4), 674-690; doi:10.3390/laws4040674

Climate-Related Standards and Multilateral Finance for Development

Environmental and International Law Unit, World Bank, Washington, DC 20433, USA
Academic Editor: Sonia E. Rolland
Received: 10 September 2015 / Revised: 28 September 2015 / Accepted: 10 October 2015 / Published: 19 October 2015
View Full-Text   |   Download PDF [225 KB, uploaded 19 October 2015]

Abstract

This article discusses climate-related standards that development finance institutions establish or apply to projects supported by their investments. It focuses particularly on multilateral development banks given their major role in providing finance to developing countries, where the bulk of the world’s fastest growing emissions are taking place. It looks at proposed and recently adopted standards, as well as different perspectives developed and developing countries have regarding these standards. It also discusses how these standards might be impacted by the evolution of the United Nations Framework Convention on Climate Change (UNFCCC) negotiations and concludes that there will be continuing challenges to implement these standards unless developed countries fulfill their pledge of expected finance. View Full-Text
Keywords: climate finance; multilateral development banks; climate-related standards; climate standards; climate negotiations; UNFCCC climate finance; multilateral development banks; climate-related standards; climate standards; climate negotiations; UNFCCC
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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Di Leva, C.E. Climate-Related Standards and Multilateral Finance for Development. Laws 2015, 4, 674-690.

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