Bruegel 11d ago

Keeping the global rise in temperature below 2 degrees Celsius compared to pre-industrial levels requires stepped-up cooperation of the advanced, and emerging and developing countries (EMDEs). In this event, we focused on two approaches, both based on "coalitions of the willing”: first, conditional financial support to EMDE countries by a group of advanced economies; second, the use of international flexibilities as proposed under Article 6 of the Paris Agreement. In both cases, EMDE countries would be in the driver’s seat, while advanced countries would provide incentives and finance.