Plenary 1.3: Legal Framework of Climate Finance
- Establish
environmental courts and provide specialised training for legal professionals,
incorporating best practices from international institutions.
- Ensure
climate finance agreements and clauses are clearly articulated to improve the
allocation and monitoring of funds.
- Introduce
consistent and clear policies for electric and hybrid vehicles, including
increased loan limits and policy incentives to encourage adoption.
- Develop
and implement national carbon standards to monitor and reduce emissions across
sectors.
- Create
a unified legal structure to support climate finance initiatives, incorporating
insights from successful approaches in other jurisdictions.
- Promote
academic exchanges to foster knowledge sharing and innovation in climate
finance and legal frameworks.
- Strengthen
the first Nationally Determined Contributions (NDCs) and align with global
stocktake processes to secure international climate funding.
- Develop
a robust legal framework for forest conservation, supporting ecosystem
protection and sustainable forest management.
- Encourage
EV production by reducing taxes and offering physical incentives, moving away
from indefinite subsidies to targeted support that fosters growth.
