Climate Change is here to stay as a global challenge for the foreseeable future. Nevertheless, global economic regulation supporting climate change commitments is still relatively weak (i.e., capacity to enforce NDCs fulfillment, not binding character, aversion to use of direct taxes, etc.), but improving.
Resource transfers from developed economies to developing economies are likely to increase significantly with access to concessional funding at attractive conditions.
Therefore we need to learn how to “navigate” the system as there are strong opportunities in climate related projects in developing economies.