Climate Finance: Sustainable Solutions to Accreditation and Reporting Requirements for Asia-Pacific Countries

Abstract

Climate changes are wreaking havoc to developing countries despite of the fact that they have negligible contribution to the phenomenon. Most of the developing countries lack the required funding that is essential to cope up with climate related changes. Climate Finance from various external and internal sources are vital to mitigate the changes being caused by the climate crisis. The paper explains the concept of climate finance and assesses the scope of climate financing in developing countries in terms of their progress, readiness level, key stakeholders, opportunities and priority areas for its implementation. A mixed method approach consisting of interviews and literature review is used. Examples are drawn from international best procedures and practices to recommend the policies that enable the use of climate financing for developing countries