Significant financial resources are required to mitigate and adapt to climate change. The European Union (EU) recognises the challenge of this. In its Communication developing the EU 2030 Climate and Energy Framework, the EU Commission highlighted climate finance as a key element. This article explores the extent to which this focus on climate finance has been integrated and implemented into six of the core legal acts of the Framework. This explorative analysis is facilitated by a scoping review, framed by Bowman’s Legal Analytical Framework of Climate Finance Options. Overall, several climate finance options have been encouraged or implemented that both directly make financial resources available and indirectly mobilise or leverage finance through education, awareness raising, developing skills and providing an enabling environment. There remain, however, many opportunities to enhance and add to these options, as the current focus remains predominantly on public, green financing. There is thus a need to implement financial measures to further catalyse the ‘greening’ of brown activities, and mobilise and leverage additional private sector funding.
|Number of pages||32|
|Journal||Irish Journal of European Law|
|Publication status||Published - 24 Sept 2021|