ABSTRACT

The concept of climate finance is relatively new.1 Because the FCCC brought the concept into existence, it is still useful to define it with reference to the FCCC itself and its objectives. At the same time, the terminology of climate finance draws heavily on that of international development finance2 and deploys a handful of other technical terms whose meaning may not be immediately apparent. Many of the institutions that the FCCC relies on to deliver climate finance pre-existed the Convention and so did not have the delivery of climate finance as their primary purpose.