Article 2.1(c)

The provision setting out the Agreement’s aim of making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development. Where the Agreement’s finance articles deal chiefly with support provided to developing countries, Article 2.1(c) concerns the orientation of financial flows in general — public and private, domestic and international. Its precise scope, and how progress against it should be assessed, remain the subject of discussion among Parties.

Why it matters in the room

It is the hook that pulls central banks, financial regulation, disclosure rules and development-bank mandates into a climate negotiation. When a delegate moves from “how much money” to “how the financial system is oriented”, this is usually the provision being invoked.