Phd in PUBLIC, COMPARATIVE AND INTERNATIONAL LAW

Thesis title: Il Fondo verde per il clima e la promozione degli investimenti privati per lo sviluppo sostenibile

The Green Climate Fund and the Promotion of Private Investments for Sustainable Development F. Garelli Abstract In light of the evolution and structural limitations of the main sources of international law in the areas of climate change mitigation, sustainable development, and investment mobilization, this thesis examines the role of legislative, judicial, and financial integration tools within the current international multistakeholder governance framework. In particular, it demonstrates how the Green Climate Fund (GCF) - through its organizational structure, legal and operational framework, and accountability mechanisms - serves as the primary financial entity in climate finance for catalyzing public and private investments in developing countries. Given its decision-making processes, the GCF emerges as a key instrument for achieving the Sustainable Development Goals (SDGs) of the 2030 Agenda and implementing the Paris Agreement, fostering the integration of international obligations, including those related to human rights. Furthermore, its operations significantly influence the conduct of the private sector and other involved actors, helping to direct investments towards sustainable development while ensuring compliance with relevant rules of international law.