Cancun Agreement Finance
The Cancun Agreements, adopted at the 2010 United Nations Climate Change Conference (COP16) in Cancun, Mexico, represented a significant, albeit incremental, step forward in international climate negotiations. A critical component of these agreements was the commitment to provide financial resources to developing countries to support their efforts in mitigating and adapting to climate change. This financial aspect, often referred to as “Cancun Agreement Finance,” encompassed both short-term and long-term pledges, aiming to facilitate a transition to low-emission development pathways and enhance resilience to climate impacts.