The negotiations for a global climate agreement recognize that substantial and additional funds need to be generated for assisting adaptation in developing countries. Currently, the 2% adaptation levy (AL) on the clean development mechanism (CDM) is intended to serve this purpose under the Kyoto...

The adoption of the Paris Agreement with the long-term temperature limit has important repercussions for the distribution of effort between its signatories. The application of the equity and least-cost approaches to the distribution effort leadsto different outcomes. The disparity of the results...