Structuring international financial support for climate change mitigation in developing countries

Research, Preprint English OPEN
Neuhoff, Karsten ; Fankhauser, Sam ; Guerin, Emmanuel ; Hourcade, Jean Charles ; Jackson, Helen ; Rajan, Ranjita ; Ward, John (2010)
  • Publisher: Deutsches Institut für Wirtschaftsforschung (DIW) Berlin
  • Subject: Länderrisiko | F30 | risk guarantee | development | G20 | Bürgschaft | Financial mechanism | climate policy | Entwicklungsfinanzierung | Industriestaaten-seitig | Entwicklungsländer | Entwicklungshilfe | R38 | Financial mechanism, risk guarantee, development, climate policy | Klimaschutz
    • jel: jel:F30 | jel:G20 | jel:R38
      ddc: ddc:330

In the Copenhagen Accord of December 2009, developed countries agreed to provide start-up finance for adaptation in developing countries and expressed the ambition to scale this up to $100 billion per year by 2020. The financial mechanisms to deliver this support have to be tailored to country and sector specific needs so as to enable domestic policy processes and self sustaining business models, and to limit policy risk exposure for investors while complying with budgetary constraints in OECD countries. This paper structures the available financial mechanisms according to the needs they can address, and reports on experience with their application in bilateral and multilateral settings.
  • References (4)

    ADB (2009), “Annual Report 2008”, Asian Development Bank.

    AfDB (2009), “Annual Report 2008”, African Development Bank.

    Capoor, K., and Ambrosi, P., (2009), “State and Trends of the Carbon Market”, World Bank 2009.

    UNEP (2008) Investing in a climate for change: engaging the Finance sector. UNEP Report: 2008.

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