The global climate finance target for developing countries has tripled from $100 billion to $300 billion per year by 2035 (United Nations Climate Change, 2024). This target did not emerge without reason. Out of 168 NDCs submitted as of 9 September 2024, 91% of countries stated that finance is a crucial component in the implementation of their climate targets. Of that number, 69% said they require international financial assistance (United Nations Climate Change, 2024). Yet, past experience shows that setting a number does not guarantee timely achievement. The previous target, which was expected to be reached by 2020, was only realized in 2022 when developed countries mobilized $115.9 billion (OECD, 2024). The problem lies not merely in the fiscal capacity of donor countries, but in an institutional framework that is weak and overly reliant on the political preferences of incumbent leaders in donor countries. When the system is driven by political considerations, uncertainty over the realization of climate finance targets becomes inevitable.