This article evaluates climate finance’s role in global governance, highlighting systemic needs for adaptation finance.
This article argues that the IPCC Assessment Reports (Ars) have treated climate finance as an analytical add-on rather than a systemic imperative. Despite progress made in AR5 and AR6, there is a perceptible mitigation bias, marginalizing adaptation and loss and damage finance. In light of these, the article evaluates the AR7 outline and calls for an improved financial framework to position capital allocation at the centre of global climate governance.
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Nilanjan Ghosh (2026) studied this question.
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