1. bookVolume 26 (2021): Issue 5 (December 2021)
    Special issue
Journal Details
License
Format
Journal
eISSN
2719-9452
First Published
01 Jan 2006
Publication timeframe
4 times per year
Languages
English, Polish
access type Open Access

The Paris Agreement 5 Years Later: The Challenges of Climate Finance and Multilateral Development Banks

Published Online: 17 Dec 2021
Volume & Issue: Volume 26 (2021) - Issue 5 (December 2021) - Special issue
Page range: 23 - 40
Received: 20 Jul 2021
Accepted: 29 Oct 2021
Journal Details
License
Format
Journal
eISSN
2719-9452
First Published
01 Jan 2006
Publication timeframe
4 times per year
Languages
English, Polish
Abstract

In all matters regarding climate change, the modern world presents complex challenges which highlight how investments in infrastructure have as of yet been inconclusive. The emission percentages calculated by relevant studies demonstrate the need for long-term investments in infrastructures, to ultimately reduce the impact on the environment and our health. To this end, in alignment with the principles expressed in the Paris Agreement – reducing global warming and incentivising a zero-emission transportation system – and the Sustainable Development Goals (SDGs), these new infrastructures will require a structural change that can be guaranteed by multilateral development banks (MDBs), given their nature, especially within developing countries. MDBs play an important role in supporting local governments, on the one hand creating a prosperous environment for sustainable infrastructures and, on the other, providing innovative financial instruments that could increase the financial sector’s participation. In this paper, aft er a brief excursus on the Paris Agreement’s role in the global climatic crisis, there will be an evaluation of the relations between MDBs and climate finance, with a focus on green bonds.

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