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Anthropogenic climate change has attracted the attention of people fromall quarters and countries which are both developed and developing. It is also well understood that while climate change is a great equalizer, it’s impacts across the globe are far from equal. This has prompted parties to agree to curb climate change. However, the problems and effective solutions are not adequately understood. Bearing this in mind, the study investigates the relationship between wealth of a country and its performance on the Energy trilemma index, the effectiveness of current emissions accounting perspective and the global flows of climate finance under USD 100 billion pledge. The findings reveal that much of the world population (in developing countries) does not enjoy energy access, and the rising energy demand would only increase GHG emissions. This is coupled with the fact that these countries have low GDP per capita, because of which very less can be directed towards curbing pollution. To add to it, the emissions accounting system burden these countries further by asking the developing countries to take responsibility for consumption in affluent countries. This is further topped by the nature of climate finance directed towards developing regions, which is mostly in the form of loans and are not to the extent promised. Therefore, there is now a greater need to attempt to address these problems and ensure that future agreements are robust and are not made on the hoof.
Keywords: Climate Action, Energy Trilemma, Emissions Accounting, USD 100 Billion pledge
