Supporting Access to Finance for Climate Action
The ground-breaking Paris Agreement on climate change was adopted 2015, and it entered into force within a year. By November 2017, 170 countries, including a majority of Sida’s cooperation countries, had ratified it. The Agreement aims to keep the temperature increase below 2°C, to pursue efforts to limit it to 1.5°C, and to enhance the capacity to adapt to climate change. The main tool to achieve the goals is the system with countries’ own Nationally Determined Contributions (NDCs). Sida supports implementation of a large number of actions in different countries that are contributing to NDCs and the implementation of the Paris Agreement. However, there is a great need and potential to support this development further.