Making article 2.1.c of the Paris Agreement a reality
As of: May 2021
In its role as organiser of the COP 25 summit, Chile took the opportunity to lead by example in helping to ensure that article 2.1.c can be operationalised. Both inside and outside of the UNFCCC process, the project improved awareness and understanding of the urgency with which financial flows need to be aligned towards low-carbon, climate-resilient development. The project therefore helped the Chilean Ministry of Finance make the most of the opportunity offered by the COP 25 Presidency and chairing the ‘Coalition of Finance Ministers for Climate Action’ to ensure the involvement of relevant actors for implementing article 2.1.c. Activities included support for both formal and informal discussions, as well as for written contributions and analyses submitted during the negotiating process. Training was also provided to the Chilean Ministry of Finance with the aim of improving knowledge and expertise in relation to the UNFCCC and article 2.1.c.