Unlocking Climate Finance and Investments in Jordan
The Paris Agreement called for parties with greater financial resources to provide financial assistance to those with fewer and more vulnerable resources. Because large-scale investments are required to significantly reduce emissions or adapt to the adverse effects of climate change, climate finance is required for mitigation and adaptation. While almost all Arab States submitted their Nationally Determined Contribution (NDC) by their Paris Agreement, only 11 provided cost estimates of their financial needs to implement their initial or updated NDCs. According to the UN ESCWA, Arab States received a total of USD 34.5 billion in climate finance over the period 2010 … Continue reading