Trillions of dollars are needed to spur the global decarbonization transition and to help the world's vulnerable communities adapt to the impacts of climate change. Where will the money come from? How can it be mobilized and allocated with accountability?

This course explores the promise and the challenge of emerging public and private sources of climate finance.

Part I explores the history and political economy of global public finance, including the new Loss and Damage Fund, in UN climate negotiations, especially in the lead-up to COP 29 in Baku in November.

Part II examines climate finance in the private sector, including the role of banks and equity investors as they respond to--and resist--regulatory, shareholder, and public demands to phase out fossil fuels and reduce both their internal and external climate risks.

Part III examines innovative ways to structure public-private partnerships to mobilize climate finance for both mitigation and adaptation.