Implementing Article 2.1(c) of the Paris Agreement

Project Aims

Within the scope of this mandate, the project seeks to support the evolving policy conversation and implementation efforts related to Article 2.1(c) of the Paris Agreement, which states the goal of “making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development”.

In contrast to other Articles of the Paris Agreement, the operationalisation of Article 2.1(c) still remains in its beginning stages, with no common understanding about its scope amongst the parties to the Agreement. At COP27, parties agreed to launch the Sharm el-Sheikh dialogue “to exchange views on and enhance understanding of the scope of Article 2, paragraph 1(c), of the Paris Agreement and its complementarity with Article 9 of the Paris Agreement”.
The aim of the project is to support the transformation of financial systems in ODA countries according to Article 2.1(c) of the Paris Agreement and to increase the mobilization of private finance for climate action towards the USD 100 billion goal of climate finance according to Article 9 of the Paris Agreement and beyond.

The Standing Committee on Finance (SCF) has been tasked to organise two workshops to this end: 1st workshop to be held in Bangkok from 19-20 July 2023; 2nd workshop to be held in Geneva around early October 2023 (date tbc). Amongst other things, these workshops will be used to showcase ongoing implementation efforts related to Article 2.1(c) across different regions.

AMC's Role

AMC provided analytical and coordination support in gathering regional case studies, conducting stakeholder interviews, and structuring policy insights into a coherent regional narrative.