On the eve of the Paris Climate Change Agreement, the issue of climate finance still stands at the heart of the global climate change discussion. In Paris, the developed states reiterated their promise to raise the levels of climate finance flows into the developing world to 100 billion US dollars by the year 2020. However, several major question marks still remain regarding the specifics of this pledge. In this EDAM research paper, Research Assistant Gökşin Bavbek highlights the existing controversies regarding global climate finance and underlines the major sources of finance. Additionally, the report focuses on Turkey’s current climate finance outlook and its prospects for attracting increased amounts of finance.