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Climate change is one of the major challenges on the global agenda. To solve these issues, since the Bali Action Plan in 2007, a highly complex, multi-institutional and multi-scale international climate finance architecture has been consolidated at the global level. Although the system works in many cases, several aspects hinder the ability to catalyse the full volume of resources, as well as the efficient implementation of financing to achieve significant transformational change, particularly in those "hard-to-mitigate areas". It is argued that the framework of a polycentric environmental financial governance regime and the excessive organisational and institutional fragmentation of the climate finance scheme implies multiple demands at the country level that do not necessarily result in an effective allocation of financial responses to climate change. A qualitative method was used for this work. Data was collected by reviewing the bibliography of documents and research papers available from multilateral credit organizations and specialized international environmental cooperation agencies. These data were analyzed through a thematic analysis. The aim of this work is to contribute to the discussions on international cooperation on climate.

revista integración y cooperación internacional

financiamiento climático internacional y los desafíos de su catalización. Debates sobre la brecha entre necesidades climáticas y financiamiento, de Bali (2007) a París (2015)