CEBC-UNDP Discussion Paper: Accelerating private finance for the Arab climate transition

According to the United Nations Framework Convention on Climate Change (UNFCCC), climate finance refers to local, national or transnational financing—drawn from public, private and alternative sources of financing—that seeks to support mitigation and adaptation actions that will address climate change. To support developing countries’ efforts towards effective climate action, it is important for all stakeholders to understand their financial needs as well as to understand how available financial resources can be mobilized and used.