Climate finance refers to local, national or transnational financing—drawn from public, private and alternative sources of financing—that seeks to support mitigation and adaptation actions that will address climate change. The Convention, the Kyoto Protocol and the Paris Agreement call for financial assistance from Parties with more financial resources to those that are less endowed and more vulnerable. This recognises that the contribution of countries to climate change and their capacity to prevent it and cope with its consequences vary enormously. Climate finance is needed for mitigation, because large-scale investments are required to significantly reduce emissions. Climate finance is equally important for adaptation, as significant financial resources are needed to adapt to the adverse effects and reduce the impacts of a changing climate.
Ian Edwards specialises in climate change adaptation and alternate risk transfer and adaptation for the private sector. He is a chartered accountant with twenty years experience in national and international financial services. He has worked across a broad spectrum of the financial industry including public practice, investment banking and reinsurance. His career has focused predominantly on affecting system change at a multinational scale, which has afforded him strong analytical, financial, information technology and project management skills. Ian recently received a first class Masters Honours dissertation with the School of Environment at Griffith University. His research explores the viability of risk transfer mechanisms in the face of increasing climate risk within the context of Local Government.