Thirteenth International Conference on Climate Change: Impacts & Responses

Abstract

Climate change comes as direct consequence for the industries sector leading a country to support of the economy. Now, as countries all over the world are still doubting the impact of climate change and figuring out how to balancing economy and environment, they decided to sit together and create The United Nations Framework Convention on Climate Change (UNFCCC). During the meeting, conference parties decided to incorporate finance mechanisms to balance the economy with the environment, and one of the solutions is private climate finance. This study describes the private sector’s involvement in climate finance using a developing country and comparing it with developed countries. This paper provides an overview of the private climate finance mechanism and its runs in developing countries such as Indonesia. Using the example of the U.S. with comprehensive environmental law, this paper intends to give developing countries mechanism on the issues and how to deal with climate finance challenges. Further, since investment rates are increasing in developing countries, Indonesia should learn how to utilize the investment as a trade-off mechanism.